Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for Norway
US dollars, exchange rate converted
NORB6FAOI01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7,174,932,000.00
Year-over-Year Change
-424.88%
Date Range
1/1/2005 - 4/1/2024
Summary
The US dollars, exchange rate converted series tracks the value of the US dollar relative to a basket of foreign currencies. This metric is important for economists and policymakers to assess the international purchasing power of the dollar.
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 series measures the US dollar's exchange rate against a broad index of foreign currencies, weighted by trade volume. It provides a comprehensive gauge of the dollar's strength and can signal shifts in US trade competitiveness and capital flows.
Methodology
The data is calculated by the Federal Reserve based on exchange rates and trade volumes.
Historical Context
Trends in the broad dollar index are closely watched by financial markets, international businesses, and policymakers for insights into US economic conditions and global trade dynamics.
Key Facts
- The broad dollar index reflects the dollar's value against a trade-weighted basket of foreign currencies.
- The index has a base year of 1997 and is published daily by the Federal Reserve.
- Movements in the broad dollar index can impact US import and export prices, corporate earnings, and the cost of servicing US debt.
FAQs
Q: What does this economic trend measure?
A: The US dollars, exchange rate converted series tracks the value of the US dollar relative to a basket of foreign currencies, providing a comprehensive gauge of the dollar's strength.
Q: Why is this trend relevant for users or analysts?
A: Trends in the broad dollar index are closely watched by financial markets, international businesses, and policymakers for insights into US economic conditions and global trade dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates and trade volumes.
Q: How is this trend used in economic policy?
A: Movements in the broad dollar index can impact US import and export prices, corporate earnings, and the cost of servicing US debt, making it an important indicator for policymakers.
Q: Are there update delays or limitations?
A: The broad dollar index is published daily by the Federal Reserve, providing timely data without significant delays or limitations.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (NORB6FAOI01CXCUQ), retrieved from FRED.