Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for United States
US Dollar, Monthly, Not Seasonally Adjusted
MANMM101USM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,036,900,000,000.00
Year-over-Year Change
-9.66%
Date Range
1/1/1960 - 11/1/2023
Summary
The US Dollar Index (MANMM101USM189N) tracks the value of the US dollar against a basket of major foreign currencies on a monthly basis, without seasonal adjustments. This metric is closely watched by economists and policymakers to gauge the international purchasing power 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 Dollar Index (MANMM101USM189N) is a widely followed measure of the US dollar's performance relative to a group of major global currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. It provides insight into the dollar's exchange rate movements and overall strength in international trade and financial markets.
Methodology
The index is calculated by the Federal Reserve based on the exchange rates of the included currencies.
Historical Context
The US Dollar Index is an important indicator for assessing the competitiveness of US exports, the cost of imports, and the relative purchasing power of the dollar in global markets.
Key Facts
- The US Dollar Index uses 1973 as its base year, with a value of 100.
- A rising index indicates a strengthening US dollar, while a falling index signals a weaker dollar.
- The index is calculated as a weighted average of the exchange rates for the 6 major currencies included.
FAQs
Q: What does this economic trend measure?
A: The US Dollar Index (MANMM101USM189N) measures the value of the US dollar relative to a basket of major foreign currencies on a monthly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The US Dollar Index is a widely watched indicator that provides insight into the international purchasing power of the US currency, which is crucial for assessing the competitiveness of US exports, the cost of imports, and the overall strength of the dollar in global markets.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Reserve based on the exchange rates of the 6 major currencies included in the basket.
Q: How is this trend used in economic policy?
A: The US Dollar Index is an important metric for policymakers and economists in evaluating the impact of monetary policy, trade agreements, and other factors on the international value of the US currency.
Q: Are there update delays or limitations?
A: The US Dollar Index data is released monthly by the Federal Reserve, with no known delays or significant limitations.
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Citation
U.S. Federal Reserve, US Dollar, Monthly, Not Seasonally Adjusted (MANMM101USM189N), retrieved from FRED.