Balance of Payments: Goods: Expenditure for Luxembourg
US dollars, exchange rate converted, Not Seasonally Adjusted
LUXB6DBTD01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,410,943,000.00
Year-over-Year Change
-5.27%
Date Range
1/1/1995 - 10/1/2024
Summary
This economic trend measures the exchange rate of the US dollar against a trade-weighted basket of foreign currencies, providing insight into the international value of the US currency.
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, Not Seasonally Adjusted metric tracks the US dollar's purchasing power relative to other world currencies. This data is used by economists, policymakers, and investors to analyze trade dynamics, international competitiveness, and capital flows.
Methodology
The data is calculated based on exchange rates across major global currencies.
Historical Context
The exchange rate trend is closely monitored for its influence on trade, inflation, and monetary policy decisions.
Key Facts
- The US dollar is the world's dominant reserve currency.
- Exchange rates impact the price of imports and exports.
- Fluctuations in the dollar's value affect US competitiveness globally.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the exchange rate of the US dollar against a weighted basket of foreign currencies, providing insight into the international purchasing power of the US currency.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a key indicator used by economists, policymakers, and investors to analyze trade dynamics, international competitiveness, and capital flows.
Q: How is this data collected or calculated?
A: The data is calculated based on exchange rates across major global currencies.
Q: How is this trend used in economic policy?
A: The exchange rate trend is closely monitored for its influence on trade, inflation, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is provided on a timely basis by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (LUXB6DBTD01CXCUQ), retrieved from FRED.