Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for India
US dollars, exchange rate converted
INDB6FARA01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-37,660,450,000.00
Year-over-Year Change
-8194.03%
Date Range
1/1/1990 - 10/1/2024
Summary
The 'US dollars, exchange rate converted' trend measures the U.S. dollar exchange rate, providing insights into international trade and the relative strength of the U.S. economy.
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 series represents the U.S. dollar's value compared to a basket of global currencies, used by economists and policymakers to assess the dollar's competitiveness and the nation's trade position.
Methodology
The data is calculated by the Federal Reserve based on exchange rates from international markets.
Historical Context
The exchange rate is a key indicator monitored by the Federal Reserve, the U.S. Treasury, and global financial markets.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- The exchange rate reflects the dollar's purchasing power relative to other currencies.
- Changes in the exchange rate impact the prices of imported and exported goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the U.S. dollar's exchange rate against a broad basket of global currencies, providing insights into the dollar's relative strength and international purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a crucial indicator for economists, policymakers, and market participants, as it influences international trade, capital flows, and the competitiveness of U.S. goods and services.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this exchange rate series based on exchange rates from international currency markets.
Q: How is this trend used in economic policy?
A: The exchange rate is closely monitored by the Federal Reserve, the U.S. Treasury, and global financial institutions to assess the dollar's strength, the nation's trade position, and the potential need for policy interventions.
Q: Are there update delays or limitations?
A: The exchange rate data is updated regularly by the Federal Reserve and is considered a reliable and timely economic indicator, with minimal delays or limitations.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (INDB6FARA01CXCUQ), retrieved from FRED.