International Merchandise Trade Statistics: Imports: Commodities for OECD
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
OECDXTIMVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,263,178,000,000.00
Year-over-Year Change
2.75%
Date Range
1/1/1999 - 4/1/2025
Summary
This economic trend measures the monthly exchange rate of the US dollar against a trade-weighted basket of major currencies, providing insights into the dollar's strength and international purchasing power.
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 indicator tracks the value of the US dollar relative to other global currencies, offering a broad perspective on the dollar's exchange-rate movements. This metric is closely watched by policymakers, investors, and analysts to assess the country's trade competitiveness and the potential impact on the domestic economy.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
This exchange rate trend is widely used to inform economic policy decisions and market analysis.
Key Facts
- The US dollar is the world's primary reserve currency.
- The exchange rate is based on a trade-weighted basket of major currencies.
- Fluctuations in the exchange rate can impact US exports and imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate of the US dollar against a trade-weighted basket of major global currencies, providing insights into the dollar's international purchasing power and trade competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a key indicator for policymakers, investors, and analysts, as it can significantly impact the country's trade balance, inflation, and overall economic performance.
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: This exchange rate trend is widely used to inform economic policy decisions and market analysis, as it provides insights into the dollar's strength and potential impacts on trade, inflation, and the overall economy.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, US Dollars, Exchange Rate Converted (OECDXTIMVA01CXMLM), retrieved from FRED.