Index 2010=1, Annual, Not Seasonally Adjusted
NAEXKP07G7A661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.20
Year-over-Year Change
38.07%
Date Range
1/1/1961 - 1/1/2016
Summary
The 'Index 2010=1, Annual, Not Seasonally Adjusted' trend measures the cost-weighted exchange rate index for the U.S. dollar against a broad basket of currencies. This indicator provides insights into the strength and competitiveness of the U.S. 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
This exchange rate index tracks the U.S. dollar's value relative to the currencies of major U.S. trading partners. Economists and policymakers use this metric to assess the dollar's purchasing power and potential impacts on trade, inflation, and the overall economy.
Methodology
The Federal Reserve calculates this index based on the trade-weighted average exchange rate for the U.S. dollar against a basket of foreign currencies.
Historical Context
The broad dollar index is a key indicator referenced by the Federal Reserve, markets, and economic analysts when evaluating U.S. economic performance and policy.
Key Facts
- The index base year is 2010, with a value of 1.0.
- The index is calculated on an annual, not seasonally adjusted basis.
- The index provides a comprehensive measure of the dollar's performance against major trading partners.
FAQs
Q: What does this economic trend measure?
A: This trend measures the cost-weighted exchange rate index for the U.S. dollar against a broad basket of currencies. It provides an overall gauge of the dollar's value and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The broad dollar index is a key indicator used by economists, policymakers, and market analysts to assess the strength and purchasing power of the U.S. currency, which can impact trade, inflation, and broader economic conditions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on the trade-weighted average exchange rate for the U.S. dollar against a basket of foreign currencies.
Q: How is this trend used in economic policy?
A: The broad dollar index is closely monitored by the Federal Reserve and other policymakers when evaluating the overall health of the U.S. economy and making decisions on monetary policy.
Q: Are there update delays or limitations?
A: This index is published on an annual basis, without seasonal adjustments, which may limit its use for short-term economic analysis.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual, Not Seasonally Adjusted (NAEXKP07G7A661S), retrieved from FRED.