Balance of Payments: Goods: Expenditure for Denmark
US dollars, exchange rate converted, Not Seasonally Adjusted
DNKB6DBTD01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,479,560,000.00
Year-over-Year Change
-3.01%
Date Range
1/1/2005 - 1/1/2025
Summary
This trend measures the exchange rate of the U.S. dollar against a broad basket of currencies on a non-seasonally adjusted basis, providing insight into the relative strength of the dollar.
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 converted index tracks the value of the U.S. dollar against a weighted average of currencies from major U.S. trading partners. It is a key indicator of the dollar's purchasing power and can influence international trade, foreign investment, and macroeconomic policy.
Methodology
The data is calculated by the Federal Reserve based on exchange rates and trade weights.
Historical Context
The U.S. dollar exchange rate is closely monitored by policymakers, financial markets, and businesses to assess economic conditions and guide decisions.
Key Facts
- The index is based on a broad basket of 26 currencies.
- A rising index indicates the U.S. dollar is strengthening against other currencies.
- The dollar's exchange rate can affect the price of imports and exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate of the U.S. dollar against a weighted basket of currencies from major U.S. trading partners, providing insight into the dollar's purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a key indicator that influences international trade, foreign investment, and macroeconomic policy, making it highly relevant for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates and trade weights.
Q: How is this trend used in economic policy?
A: The U.S. dollar exchange rate is closely monitored by policymakers to assess economic conditions and guide decisions related to international trade, monetary policy, and financial stability.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve with no known update delays, providing timely information on the U.S. dollar's performance against major currencies.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (DNKB6DBTD01CXCUQ), retrieved from FRED.