Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Finland
US dollars, exchange rate converted
FINB6FARA01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
492,428,600.00
Year-over-Year Change
-6252.07%
Date Range
1/1/1995 - 10/1/2024
Summary
This economic trend tracks the U.S. dollar's exchange rate against a broad basket of major currencies. It provides a comprehensive measure of the dollar's global value, which is crucial for understanding international trade and financial flows.
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 index measures the value of the U.S. dollar relative to the currencies of a broad group of major U.S. trading partners. It is used by economists and policymakers to assess the dollar's competitiveness and the potential impact on U.S. exports, imports, and foreign investment.
Methodology
The data is calculated by the Federal Reserve based on exchange rates for the U.S. dollar against the currencies of a large group of U.S. trading partners.
Historical Context
This trend is closely monitored by international businesses, financial markets, and economic analysts to gauge the dollar's strength and its effects on the U.S. and global economies.
Key Facts
- The U.S. dollar exchange rate index is published daily by the Federal Reserve.
- A stronger U.S. dollar makes American exports more expensive for foreign buyers.
- The exchange rate is a key factor in determining the price competitiveness of U.S. goods and services globally.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the value of the U.S. dollar relative to the currencies of a broad group of major U.S. trading partners. It provides a comprehensive measure of the dollar's global exchange rate.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a crucial indicator for understanding international trade, capital flows, and the competitiveness of U.S. exports and imports. It is closely monitored by businesses, investors, and policymakers.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on exchange rates for the U.S. dollar against the currencies of a large group of U.S. trading partners.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this exchange rate index to assess the dollar's global competitiveness and the potential impact on U.S. exports, imports, and foreign investment.
Q: Are there update delays or limitations?
A: The U.S. dollar exchange rate index is published daily by the Federal Reserve, providing timely data with no significant update delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (FINB6FARA01CXCUQ), retrieved from FRED.