International Merchandise Trade Statistics: Trade Balance: Commodities for Spain
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
ESPXTNTVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3,123,730,000.00
Year-over-Year Change
66.68%
Date Range
1/1/1957 - 5/1/2025
Summary
This monthly economic indicator tracks the US dollar's exchange rate against other currencies, providing insights into the global competitiveness of the US 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 US Dollars, Exchange Rate Converted metric represents the value of the US dollar relative to a weighted basket of foreign currencies. It is a key measure of the dollar's strength and can influence trade, investment, and economic policy decisions.
Methodology
The data is collected and calculated by the US Federal Reserve based on exchange rates in global currency markets.
Historical Context
Policymakers and market analysts monitor this trend to assess the dollar's international purchasing power and the competitiveness of US exports.
Key Facts
- The US dollar index has risen over 20% since 2014.
- A stronger dollar can make US exports more expensive for foreign buyers.
- Exchange rate trends influence cross-border investment and capital flows.
FAQs
Q: What does this economic trend measure?
A: The US Dollars, Exchange Rate Converted metric tracks the value of the US dollar relative to a weighted basket of foreign currencies, providing insights into the dollar's global purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate of the US dollar is a critical indicator of the country's economic competitiveness and can influence trade, investment, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on exchange rates in global currency markets.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor the US dollar exchange rate to assess the international purchasing power of the US currency and the competitiveness of US exports.
Q: Are there update delays or limitations?
A: The US Dollars, Exchange Rate Converted data is published monthly by the Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted (ESPXTNTVA01CXMLM), retrieved from FRED.