Balance of Payments: Other Investment: Liabilities (or Net Incurrence of Liabilities) for India
US dollars, exchange rate converted
INDB6FAOI03CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,888,720,000.00
Year-over-Year Change
-46.08%
Date Range
1/1/1990 - 10/1/2024
Summary
The 'US dollars, exchange rate converted' trend measures the value of the US dollar relative to a basket of foreign currencies. It is a key indicator of the dollar's global purchasing power and competitiveness.
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 exchange rate index tracks the US dollar's performance against a trade-weighted average of major foreign currencies. It is widely used by economists, policymakers, and investors to assess the dollar's strength and implications for international trade, investment, and financial markets.
Methodology
The data is calculated by the Federal Reserve based on exchange rates for the US dollar against the currencies of major US trading partners.
Historical Context
The dollar exchange rate is a critical factor in Federal Reserve and government economic policy decisions.
Key Facts
- The index has a base year of 2006.
- It covers the currencies of over 25 major US trading partners.
- The dollar's exchange rate can impact US exports, imports, and inflation.
FAQs
Q: What does this economic trend measure?
A: The 'US dollars, exchange rate converted' trend measures the value of the US dollar against a basket of major foreign currencies, providing an overall gauge of the dollar's international purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The dollar's exchange rate is a critical economic indicator that influences international trade, investments, and monetary policy. Monitoring this trend helps assess the dollar's global competitiveness and can inform business, financial, and government decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on exchange rates for the US dollar against the currencies of the United States' major trading partners.
Q: How is this trend used in economic policy?
A: The dollar exchange rate is a key consideration for the Federal Reserve and other policymakers when making decisions about monetary policy, trade policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this exchange rate index on a daily basis, with minimal delays. However, the index may not capture all nuances of the dollar's performance against individual currencies.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (INDB6FAOI03CXCUQ), retrieved from FRED.