International Merchandise Trade Statistics: Imports: Commodities for Denmark
US dollars, exchange rate converted, Not Seasonally Adjusted
DNKXTIMVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,157,650,000.00
Year-over-Year Change
13.20%
Date Range
1/1/1957 - 6/1/2025
Summary
This economic trend measures the exchange rate of the US dollar against a weighted average of currencies of major US trading partners, providing insight into the international value of the US currency.
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 US dollars, exchange rate converted series represents the trade-weighted US dollar index, which tracks the US dollar's value relative to a basket of foreign currencies. This metric is closely watched by economists and policymakers to assess the competitiveness of US exports and the purchasing power of the dollar.
Methodology
The data is calculated by the Federal Reserve based on exchange rates in foreign exchange markets.
Historical Context
The exchange rate trend is a key indicator for understanding the global economic position of the United States.
Key Facts
- The index is weighted by trade volume with major US trading partners.
- The exchange rate can impact the cost of imports and exports for the US.
- The trend has implications for US competitiveness in global markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate of the US dollar relative to a weighted basket of foreign currencies, providing insight into the international value of the US currency.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a key indicator for understanding the global economic position of the United States, with implications for trade, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates in foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the US dollar exchange rate to assess the competitiveness of US exports and the purchasing power of the dollar, which can inform decisions on trade, inflation, and monetary policy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (DNKXTIMVA01CXMLM), retrieved from FRED.