Broad Effective Exchange Rate for United States
NBUSBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.12
Year-over-Year Change
-2.47%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for the United States measures the value of the U.S. dollar relative to a weighted basket of foreign currencies. This trend is a key indicator of the U.S. dollar's international purchasing power and trade competitiveness.
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 Broad Effective Exchange Rate for the United States is an index that tracks the U.S. dollar's exchange rate against a comprehensive set of trading partner currencies. It provides a comprehensive gauge of the dollar's overall strength and is used by economists and policymakers to assess the country's international trade position.
Methodology
The data is calculated by the Federal Reserve based on exchange rates and trade weights.
Historical Context
Movements in the Broad Effective Exchange Rate can influence the relative prices of U.S. exports and imports, impacting the trade balance and economic growth.
Key Facts
- The index is based on exchange rates against 26 major U.S. trading partners.
- A rising index indicates a stronger U.S. dollar, while a falling index indicates a weaker dollar.
- The index reached an all-time high in 2022 amid the U.S. dollar's global appreciation.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for the United States measures the value of the U.S. dollar relative to a weighted basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the U.S. dollar's international purchasing power and trade competitiveness, which is important for assessing the country's economic performance and trade position.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates and trade weights.
Q: How is this trend used in economic policy?
A: Movements in the Broad Effective Exchange Rate can influence the relative prices of U.S. exports and imports, impacting the trade balance and economic growth, which is of interest to policymakers.
Q: Are there update delays or limitations?
A: The Broad Effective Exchange Rate is updated regularly by the Federal Reserve and provides a comprehensive measure of the U.S. dollar's international standing.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for United States (NBUSBIS), retrieved from FRED.