USD vs. tracked currencies · 7-day change
Every country holding dollar reserves absorbed it.
Their banking systems felt it first.
Markets priced it months later.
We track both — the real purchasing power
and the banking stress building underneath it.
Banking fundamentals lead market repricing. We monitor 25 countries. Real time.
Caught this pattern in GFC 2008 and SVB 2023. Both showed stress in banking data well before market reaction.
Lebanon 2019 and Sri Lanka 2022. The data was there months before the currencies moved.
Banking behavior leads market repricing by months. 25 countries. Real-time monitoring. Alerts when patterns emerge.
Standard purchasing power calculators show CPI. This one shows CPI plus the USD reserve currency premium— the additional purchasing power that evaporates because the US dollar funds global reserves through M2 expansion.
Since 1971, the dollar has lost over 87% of its purchasing power by CPI alone — and more when you factor in reserve expansion. The calculator below shows both numbers, side by side, for 190+ currencies.
Enter your currency, pick a year. See what your money could actually buy then vs now.
That 24% didn't disappear. It compressed into every country holding dollar reserves — absorbed as inflation they never printed.
CPI measures domestic prices only. It has no mechanism to capture the global reserve effect — the artificial dollar demand that lets the US export inflation instead of absorbing it. Every country holding dollar reserves absorbs that inflation for them.
US M2 money supply growth minus US CPI. That gap is the inflation the dollar offloaded to countries holding dollar reserves. It compounds against every other currency yearly.
Dollar system transition. Hemisphere consolidation. Petrogas-dollar. Critical minerals. Banking stress. Investable implications in every issue. Bi-weekly. Free.
Purchasing power, reserve premium impact, and banking stress context for 190 currencies across 64 countries.
Explore all countries →You understand the reserve premium. You want daily breakdowns of global economic patterns.
Follow on X →CPI measures domestic prices only. It has no mechanism to capture the global reserve effect — the artificial dollar demand that lets the US export inflation instead of absorbing it. Every country holding dollar reserves absorbs that inflation for them.
US M2 money supply growth minus US CPI. That gap is the inflation the dollar offloaded to countries holding dollar reserves. It compounds against every other currency yearly. From 2020–2022 alone, US M2 grew 40% — most of that absorbed globally, not domestically.
Years marked ~ use IMF World Economic Outlook projections. The moment World Bank publishes verified data — typically 12–18 months after year end — those estimates automatically become permanent verified numbers. No action needed.