Purchasing Power Parity over GDP for China
National Currency Units per US Dollar, Annual, Not Seasonally Adjusted
PPPTT2CNA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.37
Year-over-Year Change
18.34%
Date Range
1/1/1952 - 1/1/2010
Summary
This economic trend measures the annual exchange rate between the U.S. dollar and other national currencies, providing insight into the relative strength of the U.S. currency globally.
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 national currency units per U.S. dollar ratio is a key indicator of a country's purchasing power and economic competitiveness. It is widely used by economists, policymakers, and international investors to analyze trade balances, inflation, and currency movements.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
This trend is closely monitored for its implications on trade, investment, and economic policy decisions.
Key Facts
- The U.S. dollar is the world's dominant reserve currency.
- Currency exchange rates fluctuate based on economic factors like inflation and interest rates.
- Tracking exchange rate trends is crucial for multinational corporations and international investors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate between the U.S. dollar and other national currencies, expressed as the number of units of the foreign currency per U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The national currency units per U.S. dollar ratio is a key indicator of a country's purchasing power and economic competitiveness, with important implications for trade, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international investors closely monitor this trend for its impact on trade balances, inflation, and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published annually with no significant update delays, providing a reliable snapshot of annual exchange rate trends.
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Citation
U.S. Federal Reserve, National Currency Units per US Dollar, Annual, Not Seasonally Adjusted (PPPTT2CNA618NUPN), retrieved from FRED.