National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for the Euro Area (19 Countries)
Annual
NAEXCP06EZA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,350,839,595,839.10
Year-over-Year Change
96.03%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual trend measures the annual nominal exchange rate between the U.S. dollar and the Chinese yuan. This metric is crucial for understanding the relative strength of the two currencies and the dynamics of trade and investment flows between the world's two largest economies.
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 Annual trend tracks the yearly average value of the U.S. dollar against the Chinese yuan. It is used by economists, policymakers, and market analysts to assess the competitiveness of U.S. exports, the purchasing power of Chinese consumers, and the overall economic relationship between the United States and China.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Historical Context
The Annual trend is closely monitored for its implications on trade negotiations, foreign investment, and the global balance of economic power.
Key Facts
- The Annual trend reached a record high in 2015.
- China is the largest holder of U.S. debt.
- The U.S. and China are the world's two largest economies.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the yearly average value of the U.S. dollar against the Chinese yuan, the official currency of China.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend is crucial for understanding the relative strength of the U.S. and Chinese economies, as well as the dynamics of trade and investment flows between the two countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by policymakers, economists, and market analysts for its implications on trade negotiations, foreign investment, and the global balance of economic power.
Q: Are there update delays or limitations?
A: The Annual trend data is typically released with a short delay, but it provides a comprehensive view of the yearly exchange rate dynamics between the U.S. and China.
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Citation
U.S. Federal Reserve, Annual (NAEXCP06EZA189S), retrieved from FRED.