Balance of Payments: Goods: Expenditure for Denmark
US dollars, exchange rate converted, Seasonally Adjusted
DNKB6DBTD01CXCUSAQ • 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 economic trend measures the seasonally adjusted exchange rate of the U.S. dollar against a broad basket of currencies. It is a key indicator for assessing the global competitiveness of the U.S. economy.
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 the currencies of the United States' major trading partners. Economists and policymakers use this metric to analyze the strength of the dollar and its potential impacts on international trade, investment, and the overall competitiveness of American businesses.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates and trade weights.
Historical Context
This exchange rate index is closely monitored by the Federal Reserve and other government agencies to inform monetary and trade policies.
Key Facts
- The index has a base year of 2006.
- It covers exchange rates for over 25 currencies.
- The index reached an all-time high in early 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate of the U.S. dollar against a broad basket of currencies from the United States' major trading partners, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a critical indicator of the dollar's strength and the global competitiveness of the American economy. It informs trade, investment, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on exchange rates and trade weights for over 25 currencies.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other government agencies closely monitor this exchange rate index to inform decisions on monetary policy, trade policy, and economic competitiveness.
Q: Are there update delays or limitations?
A: The exchange rate data is released by the Federal Reserve on a regular basis with minimal delays, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Seasonally Adjusted (DNKB6DBTD01CXCUSAQ), retrieved from FRED.