Balance of Payments: Total Net Current Account for China, P.R.: Hong Kong
U.S. Dollars
HKGBCABP6USD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,782,433,921.90
Year-over-Year Change
47.63%
Date Range
1/1/2016 - 1/1/2024
Summary
The U.S. Dollars trend measures the foreign exchange value of the U.S. dollar against a broad basket of major currencies. It is a key indicator of the dollar's strength and can impact international trade, investment, and economic policy.
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. Dollars index tracks the performance of the U.S. dollar relative to the currencies of major U.S. trading partners. It is used by economists, policymakers, and market participants to assess the dollar's competitiveness and broader macroeconomic conditions.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates for the U.S. dollar against a weighted basket of foreign currencies.
Historical Context
The U.S. Dollars index is closely monitored for its implications on exports, imports, and international capital flows.
Key Facts
- The U.S. Dollars index uses 2006 as its base year of 100.
- The index includes currencies from over 25 major U.S. trading partners.
- A rising U.S. Dollars index indicates a stronger U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: The U.S. Dollars index measures the foreign exchange value of the U.S. dollar against a broad basket of major currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Dollars index is a key indicator of the dollar's strength, which can impact international trade, investment flows, and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on exchange rates for the U.S. dollar against a weighted basket of foreign currencies.
Q: How is this trend used in economic policy?
A: The U.S. Dollars index is closely monitored by policymakers, economists, and market participants for its implications on exports, imports, and international capital flows.
Q: Are there update delays or limitations?
A: The U.S. Dollars index is updated regularly by the Federal Reserve and available without significant delays.
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Citation
U.S. Federal Reserve, U.S. Dollars (HKGBCABP6USD), retrieved from FRED.