A proprietary index computed by the Regime Intelligence engine. It measures stress in emerging market currencies by tracking the composite depreciation of EM currencies (BRL, TRY, ZAR, MXN, CNH) against the US dollar.
EM currency crises often precede global risk-off episodes. This index provides early warning of capital flight from emerging markets — a pattern seen before the 2013 Taper Tantrum, 2018 EM selloff, and 2022 dollar surge.
Rising index = EM currencies weakening, stress building, risk-off globally. Falling index = EM pressure easing. Sustained readings above 70 often precede CRISIS regime classifications in our engine.