Balance of Payments: Goods: Expenditure for Hungary
US dollars, exchange rate converted, Seasonally Adjusted
HUNB6DBTD01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,709,200,000.00
Year-over-Year Change
-4.43%
Date Range
1/1/1995 - 10/1/2024
Summary
The US dollars, exchange rate converted trend measures the value of the US dollar relative to other major currencies, adjusted for seasonal factors. This key indicator provides insight into the international competitiveness of US goods and services.
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
This series represents the US dollar exchange rate, which is the value of the US dollar relative to a basket of foreign currencies. It is an important measure of the dollar's strength and can impact international trade, foreign investment, and inflation.
Methodology
The data is calculated by the Federal Reserve using exchange rate information from multiple sources.
Historical Context
Policymakers and analysts closely monitor this trend to assess the US economy's global competitiveness and potential trade impacts.
Key Facts
- The US dollar exchange rate can impact the prices of imported and exported goods.
- A stronger US dollar makes US exports more expensive for foreign buyers.
- Fluctuations in the exchange rate are closely watched by policymakers and investors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the US dollar relative to a basket of major foreign currencies, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a key indicator of the US economy's global competitiveness and can impact international trade, foreign investment, and inflation.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this series using exchange rate information from multiple sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess the US economy's global competitiveness and potential trade impacts.
Q: Are there update delays or limitations?
A: The data is released by the Federal Reserve on a regular schedule with minimal delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Seasonally Adjusted (HUNB6DBTD01CXCUSAQ), retrieved from FRED.