International Merchandise Trade Statistics: Imports: Commodities for Argentina
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
ARGXTIMVA01CXMLSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,428,670,000.00
Year-over-Year Change
-17.80%
Date Range
1/1/1990 - 4/1/2025
Summary
The US dollars, exchange rate converted trend measures the exchange rate of the US dollar against a basket of major currencies, adjusted for seasonal variations. This metric is closely monitored by economists and policymakers to assess the strength and competitiveness of the US currency in global markets.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This exchange rate series tracks the value of the US dollar relative to a weighted average of foreign currencies, including the Euro, Yen, Pound Sterling, and others. It provides insight into the purchasing power and international trade position of the American economy.
Methodology
The data is calculated by the US Federal Reserve using a trade-weighted geometric average of foreign exchange values.
Historical Context
The US dollar exchange rate is a key indicator used by the Federal Reserve, Treasury, and other agencies to inform economic and monetary policy decisions.
Key Facts
- The US dollar index has risen over 20% since 2014.
- A stronger dollar makes US exports less competitive globally.
- The Federal Reserve closely monitors the exchange rate when setting interest rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the trade-weighted exchange rate of the US dollar against a basket of major foreign currencies. It provides an overall gauge of the dollar's strength and purchasing power in international markets.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a critical indicator for economists, investors, and policymakers assessing the competitiveness of American exports, the impact on inflation, and the broader state of the US economy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this trade-weighted index using a geometric average of foreign exchange values for the US dollar against major global currencies.
Q: How is this trend used in economic policy?
A: The US dollar exchange rate influences decisions by the Federal Reserve, Treasury, and other agencies on interest rates, trade policy, and broader economic management to support domestic growth and employment.
Q: Are there update delays or limitations?
A: This quarterly, seasonally adjusted data series is published by the Federal Reserve with a lag of approximately 2-3 months. The index may not capture more recent short-term volatility in currency markets.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (ARGXTIMVA01CXMLSAQ), retrieved from FRED.