So what does this really mean??
"The U.S. dollar’s share of global foreign-exchange reserves climbed in the third quarter to 61.7 percent, the highest (CCFRUSD%) since late 2010, while holdings of euros (CCFREUR%) fell to a three-year low of 25.7 percent, according to figures from the Washington-based IMF quarterly data.
While the dollar is up since 2008, it’s down 34 percent from its highs a decade ago, IntercontinentalExchange’s index shows. The Fed’s Trade-Weighted Real Broad Dollar Index (USTRBROA) that tracks it against those of 38 countries shows the dollar has depreciated 15 percent from its average in 1973, the year global currencies began freely floating.
The dollar has been the world’s reserve currency since the U.S. and allies agreed at the 1944 Bretton Woods conference to peg it to a rate of $35 per ounce of gold. It remained the most- traded legal tender after global currencies began freely floating in 1973, accounting for 85 percent of the $4 trillion per day foreign-exchange market, according to the Basel, Switzerland-based Bank for International Settlements. "