On the basis of a consideration of Bartels' historical u index of geomagnetic activity, we devise an equivalent index that we refer to as the interdiurnal variability (IDV). The IDV index has the interesting and useful property of being highly correlated with the strength of the interplanetary magnetic field (B; R2 = 0.75) and essentially unaffected by the solar wind speed (V; R2 = 0.01) as measured by spacecraft. This enables us to obtain the variation of B from 1872 to the present, providing an independent check on previously reported results for the evolution of this parameter. We find that solar cycle average B increased by ~25% from the 1900s to the 1950s and has been lower since. If predictions for a small solar cycle 24 bear out, solar cycle average B will return to levels of ~100 years ago during the coming cycle(s).