International Merchandise Trade Statistics: Trade Balance: Commodities for Estonia
US dollars, exchange rate converted, Quarterly, Not Seasonally Adjusted
ESTXTNTVA01CXMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-916,674,500.00
Year-over-Year Change
48.38%
Date Range
1/1/1993 - 1/1/2025
Summary
This economic trend measures the U.S. dollar exchange rate against major world currencies on a quarterly basis, providing insight into the strength and global purchasing power of the U.S. 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 U.S. dollar exchange rate is a key indicator of international trade and financial conditions. It reflects the value of the U.S. dollar relative to other major currencies and is used by economists, policymakers, and investors to analyze economic performance and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on exchange rates in foreign exchange markets.
Historical Context
The U.S. dollar exchange rate trend is closely monitored by the Federal Reserve and other institutions to assess the impact on exports, imports, and international competitiveness.
Key Facts
- The U.S. dollar exchange rate is a weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners.
- Fluctuations in the U.S. dollar exchange rate can significantly impact the cost of imports and the competitiveness of U.S. exports.
- The U.S. dollar exchange rate is a leading indicator of the U.S. economy's international competitiveness and can influence inflation, interest rates, and overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the U.S. dollar exchange rate against a broad basket of major world currencies on a quarterly basis, providing insight into the strength and global purchasing power of the U.S. currency.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a key indicator used by economists, policymakers, and investors to analyze economic performance, international trade, and financial conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on exchange rates in foreign exchange markets.
Q: How is this trend used in economic policy?
A: The U.S. dollar exchange rate trend is closely monitored by the Federal Reserve and other institutions to assess the impact on exports, imports, and international competitiveness, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The U.S. dollar exchange rate data is published quarterly by the Federal Reserve with no significant update delays, providing timely information for economic analysis and decision-making.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Not Seasonally Adjusted (ESTXTNTVA01CXMLQ), retrieved from FRED.