3 large dried red New Mexico or California chiles. (about 3/4 oz total) 
3/4 cup water
6 tablespoons cider vinegar
2 tablespoons sugar
1 tablespoon chopped fresh ginger 

1. Remove and discard stems and most of seeds from chiles. Rinse chiles and cut into 1/2 inch strips with scissors. In a 1 quart pan, combine chiles and water. Bring to a boil. Remove pan from the heat; let chiles soak until slightly softened(about 5 minutes)

2. In a blender or food processor, combine chile mixture,vinegar, sugar, and ginger;whirl unitl smoothly pureed.

If made ahead, let cool;then cover and refigerate for up to 1 week. Makes about 1 cup I tried this recipe, its great, but I would add just a small amount of olive oil for flavor, and spreadablity.