Statistics(GMVI ・PPP)

IIMA Global Market Volatility Index

Institute for International Monetary Affairs (IIMA) developed an index which measures global investors' appetite or tolerance for risk in the financial market. It is a composite index of volatility in the global financial market, which is based on the daily movements (percentage of daily change) of market rates for equities, bonds, and foreign exchanges in the world' major markets. The rise of the index means global markets become volatile and investors' risk appetite decreases. We update the index every Monday.

IIMA Global Market Volatility Index

Half-yearly developments of IIMA-GMVI

Purchasing Power Parity

Assuming a world where there are theoretically no trade barriers, there is a "The Law of One Price" where the price of the same product is one, even if the countries are different. The exchange rate between the two countries when this law holds is called “Purchasing Power Parity (PPP)”.

“Absolute Purchasing Power Parity”, as described above, is calculated as the level at which the same product can be purchased at the same price between different countries at the present time. On the other hand, “Relative Purchasing Power Parity'' refers to the calculation of the exchange rate that balances prices in a time series from the inflation gap between the countries, starting from a point in time when the past domestic and foreign imbalances were sufficiently small.

In this page, IIMA uses the theory of “Relative Purchasing Power Parity” to create the following graph. Data is updated on the first or second Friday of each month.

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U.S.Dollar against Japanese Yen

10/18 update
As of 5/16 update, the dollar-yen EPI PPP has been changed from 1990 basis to 1973 basis.

　　　　　　　　
　　　　　　　　　　　　Click above for the latest version graph.
　　　　　　　　　　For the original data of the chart, click here.

Euro against U.S.Dollar

10/18 update

　　　　　　　　
　　　　　　　　　　　　Click above for the latest version graph.
　　　　　　　　　　For the original data of the chart, click here.

Euro against Japanese Yen

10/18 update

　　　　　　　　
　　　　　　　　　　　　Click above for the latest version graph.
　　　　　　　　　　For the original data of the chart, click here.