International Trade: Exports: Value (goods): Total for the European Union
US Dollars Monthly Level, Quarterly, Not Seasonally Adjusted
EU28XTEXVA01CXMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,581,238,921,331.74
Year-over-Year Change
16.04%
Date Range
1/1/1999 - 10/1/2019
Summary
This economic trend measures the monthly level of US dollars exchanged on a quarterly, non-seasonally adjusted basis. It provides insight into global foreign exchange activity and currency valuation 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 Dollars Monthly Level, Quarterly, Not Seasonally Adjusted metric tracks the total volume of US dollars traded in global currency markets on a monthly basis, aggregated and reported quarterly without seasonal adjustments. This indicator offers economists and policymakers visibility into the broad international demand and usage of the US dollar.
Methodology
The data is collected from foreign exchange market transactions.
Historical Context
This trend is used to assess the dollar's role in global commerce and financial systems.
Key Facts
- The US dollar is the world's most traded currency.
- Foreign exchange markets see over $6 trillion in daily turnover.
- The US dollar accounts for over 80% of global foreign exchange transactions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly volume of US dollars exchanged in global foreign exchange markets on a quarterly, non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the international demand and usage of the US dollar, which is a key metric for economists and policymakers assessing the dollar's role in the global financial system.
Q: How is this data collected or calculated?
A: The data is collected from foreign exchange market transactions.
Q: How is this trend used in economic policy?
A: This trend is used by economists, central banks, and other institutions to evaluate the global status and influence of the US dollar, which is critical for informing monetary and trade policies.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a several-month delay in the most recent figures.
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Citation
U.S. Federal Reserve, US Dollars Monthly Level, Quarterly, Not Seasonally Adjusted (EU28XTEXVA01CXMLQ), retrieved from FRED.