Balance of Payments: Services: Expenditure for Spain
US dollars, exchange rate converted, Seasonally Adjusted
ESPB6DBSE01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,608,040,000.00
Year-over-Year Change
37.01%
Date Range
1/1/1993 - 10/1/2024
Summary
This economic trend measures the seasonally adjusted US dollar exchange rate, which is a key indicator of the dollar's purchasing power and the competitiveness of US exports.
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 dollar exchange rate converted to a seasonally adjusted index reflects the strength of the US currency relative to a weighted basket of foreign currencies. This metric is closely watched by economists, policymakers, and global investors to assess the dollar's international value and trade implications.
Methodology
The data is calculated by the Federal Reserve based on foreign exchange rates.
Historical Context
The dollar exchange rate trend is a vital input for monetary and trade policy decisions.
Key Facts
- The US dollar exchange rate has a significant impact on the costs of imports and exports.
- A stronger dollar makes US exports more expensive and foreign goods cheaper for American consumers.
- The dollar's exchange rate trend is closely monitored by the Federal Reserve and other policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the seasonally adjusted US dollar exchange rate, which reflects the strength of the US currency relative to a weighted basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a vital indicator of the dollar's purchasing power and the competitiveness of US exports, making it a key input for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on foreign exchange rates.
Q: How is this trend used in economic policy?
A: The dollar exchange rate trend is closely monitored by the Federal Reserve and other policymakers to inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The US dollar exchange rate data is published regularly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Seasonally Adjusted (ESPB6DBSE01CXCUSAQ), retrieved from FRED.