International Merchandise Trade Statistics: Imports: Commodities for Ireland
US dollars, exchange rate converted, Quarterly, Not Seasonally Adjusted
IRLXTIMVA01CXMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,905,200,000.00
Year-over-Year Change
10.60%
Date Range
1/1/1957 - 1/1/2025
Summary
This economic trend measures the exchange rate of the US dollar against a trade-weighted basket of foreign currencies on a quarterly basis, without seasonal adjustment.
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 metric tracks the strength of the US dollar relative to other major global currencies. This data is used by economists and policymakers to assess the competitiveness of US exports and imports, as well as the impact on domestic inflation and consumer purchasing power.
Methodology
The data is calculated by the US Federal Reserve based on exchange rates in international currency markets.
Historical Context
This exchange rate trend is closely monitored by the Federal Reserve, trade analysts, and international investors.
Key Facts
- The US dollar exchange rate has a significant impact on the cost of imports and exports.
- Policymakers use this data to assess the competitiveness of US products in global markets.
- The trade-weighted basket includes major currencies like the Euro, Japanese Yen, and Chinese Yuan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate of the US dollar against a weighted basket of major foreign currencies on a quarterly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a key indicator of the competitiveness of US exports and imports, which has implications for domestic inflation, consumer purchasing power, and trade policy.
Q: How is this data collected or calculated?
A: The data is calculated by the US Federal Reserve based on observed exchange rates in international currency markets.
Q: How is this trend used in economic policy?
A: Policymakers, trade analysts, and international investors closely monitor this exchange rate trend to assess the global competitiveness of the US economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a slight delay, and may not fully capture intra-quarter exchange rate fluctuations.
Related Trends
Real Private Sector Final Consumption Expenditure for Ireland
NCPRXDCIRA
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Ireland
IRLCP040400GYM
Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 25 to 54 Years for Ireland
LRAC25MAIEA156S
Unit Labor Costs: Early Estimate of Quarterly Unit Labor Costs (ULC) Indicators: Labor Productivity: Total for Ireland
ULQELP01IEQ657S
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Residence of Issuer in Ireland
IDS1YMAORIAIIE
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Ireland
IRLCP040000IXNBM
Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Not Seasonally Adjusted (IRLXTIMVA01CXMLQ), retrieved from FRED.