Balance of Payments: Services: Expenditure for Austria
US dollars, exchange rate converted, Not Seasonally Adjusted
AUTB6DBSE01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,038,840,000.00
Year-over-Year Change
18.35%
Date Range
1/1/1995 - 10/1/2024
Summary
This economic trend measures the U.S. dollar's exchange rate against a broad basket of foreign currencies, providing insight into the dollar's international value and purchasing power.
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
The U.S. dollar exchange rate is a key indicator of the dollar's strength and competitiveness in global trade and financial markets. It is widely used by economists, policymakers, and investors to assess the U.S. economy's performance and international standing.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Changes in the U.S. dollar exchange rate can have significant implications for trade, inflation, and the cost of international transactions.
Key Facts
- The U.S. dollar is the world's most widely traded currency.
- The exchange rate can impact the prices of imported and exported goods.
- A stronger dollar can make U.S. exports less competitive globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the U.S. dollar against a broad basket of foreign currencies, providing an overview of the dollar's international purchasing power and exchange rate.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a crucial indicator for economists, policymakers, and investors, as it can impact trade, inflation, and the cost of international transactions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Changes in the U.S. dollar exchange rate can inform monetary policy decisions and have implications for trade, competitiveness, and the overall strength of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with potential delays depending on the collection and reporting process.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (AUTB6DBSE01CXCUQ), retrieved from FRED.