Balance of Payments: Services: Expenditure for Estonia
US dollars, exchange rate converted, Not Seasonally Adjusted
ESTB6DBSE01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,713,154,000.00
Year-over-Year Change
20.22%
Date Range
1/1/1993 - 10/1/2024
Summary
This economic trend measures the US dollar exchange rate against a broad basket of foreign currencies, providing insight into the US dollar's international purchasing power and global economic dynamics.
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 is a key economic indicator that reflects the strength and performance of the US dollar relative to other major world currencies. It is closely monitored by economists, policymakers, and market participants to assess the US's global competitiveness and the potential impacts on trade, investment, and financial markets.
Methodology
The data is collected and calculated by the US Federal Reserve based on exchange rates against a trade-weighted index of foreign currencies.
Historical Context
Trends in the US dollar exchange rate can influence economic policy decisions, international trade flows, and capital market activities.
Key Facts
- The US dollar exchange rate is a trade-weighted index that includes major currencies like the Euro, Japanese Yen, and Chinese Yuan.
- A strong US dollar can make US exports more expensive for foreign buyers, potentially impacting the trade balance.
- The US dollar exchange rate is closely watched as an indicator of the US's global economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate of the US dollar against a broad basket of foreign currencies, providing insight into the dollar's international purchasing power and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a key economic indicator that is closely monitored by economists, policymakers, and market participants to assess the US's global position and the potential impacts on trade, investment, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on exchange rates against a trade-weighted index of foreign currencies.
Q: How is this trend used in economic policy?
A: Trends in the US dollar exchange rate can influence economic policy decisions, international trade flows, and capital market activities.
Q: Are there update delays or limitations?
A: The US dollar exchange rate data is published regularly by the Federal Reserve with minimal delays, providing timely information for economic analysis and decision-making.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (ESTB6DBSE01CXCUQ), retrieved from FRED.