International Merchandise Trade Statistics: Exports: Commodities for OECD
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
OECDXTEXVA01CXMLSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,435,500,000,000.00
Year-over-Year Change
1.95%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator measures the quarterly, seasonally adjusted exchange rate of the US dollar against a trade-weighted basket of major currencies. It provides insight into the relative strength and purchasing power of the US dollar in international markets.
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 dollars, exchange rate converted metric tracks changes in the nominal effective exchange rate (NEER) of the US dollar. The NEER is a weighted average of the foreign exchange value of the US dollar against the currencies of major US trading partners. This measure is used by economists and policymakers to assess the competitiveness of the US dollar and its potential impact on exports, imports, and the trade balance.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
The US dollar exchange rate is a key indicator monitored by the Federal Reserve and other institutions to inform monetary and trade policy decisions.
Key Facts
- The US dollar exchange rate is measured on an index scale with a base year of 2010.
- The NEER index reached a high of 120.56 in Q1 2022, indicating a strong US dollar.
- Exchange rate movements can impact the competitiveness of US exports and imports.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the quarterly, seasonally adjusted nominal effective exchange rate (NEER) of the US dollar against a trade-weighted basket of major currencies.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a key indicator used by economists and policymakers to assess the competitiveness of the US dollar and its potential impact on exports, imports, and the trade balance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Q: How is this trend used in economic policy?
A: The US dollar exchange rate is monitored by the Federal Reserve and other institutions to inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (OECDXTEXVA01CXMLSAQ), retrieved from FRED.