Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for France
US dollars, exchange rate converted
FRAB6FATT01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-18,931,640,000.00
Year-over-Year Change
88.62%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend tracks the exchange rate of the US dollar against a broad basket of foreign currencies. It provides insights into the overall strength and purchasing power of the US dollar globally.
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 index measures the value of the US dollar relative to the currencies of major US trading partners and competitors. It is a key indicator of the dollar's international standing and competitiveness.
Methodology
The data is calculated by the Federal Reserve using a trade-weighted index that accounts for exchange rates across multiple foreign currencies.
Historical Context
This trend is closely monitored by policymakers, investors, and economists to assess the US's economic performance and trade dynamics.
Key Facts
- The index has a base year of 2006.
- It covers exchange rates for over 25 currencies.
- The index reached an all-time high in 2022 amid global economic uncertainty.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the exchange rate of the US dollar against a broad basket of foreign currencies, providing insights into the overall strength and purchasing power of the US dollar globally.
Q: Why is this trend relevant for users or analysts?
A: The US dollars, exchange rate converted index is a key indicator of the dollar's international standing and competitiveness, closely monitored by policymakers, investors, and economists to assess the US's economic performance and trade dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using a trade-weighted index that accounts for exchange rates across multiple foreign currencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, markets, and economists to evaluate the US's international economic position and inform decisions on trade, monetary policy, and exchange rate management.
Q: Are there update delays or limitations?
A: The US dollars, exchange rate converted index is published regularly by the Federal Reserve, with minimal update delays. However, as with any exchange rate data, it may be subject to volatility and market conditions.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (FRAB6FATT01CXCUQ), retrieved from FRED.