Balance of Payments: Services: Expenditure for Saudi Arabia
US dollars, exchange rate converted, Seasonally Adjusted
SAUB6DBSE01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,816,240,000.00
Year-over-Year Change
5.04%
Date Range
1/1/2006 - 10/1/2024
Summary
The US dollars, exchange rate converted, Seasonally Adjusted trend measures the value of the US dollar against a broad basket of foreign currencies, adjusted for seasonal factors. This metric is crucial for understanding the competitiveness of US exports and the purchasing power of the US 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
This exchange rate trend provides an overview of the US dollar's strength compared to other major currencies. It is used by economists, policymakers, and businesses to analyze the impact of exchange rate fluctuations on trade, investment, and macroeconomic conditions.
Methodology
The data is collected and calculated by the US Federal Reserve based on foreign exchange market quotations.
Historical Context
Policymakers and market analysts closely monitor this exchange rate trend to assess the US economic position and guide decisions on monetary policy, trade, and international investment.
Key Facts
- The US dollar index reached a 20-year high in 2022.
- A stronger US dollar makes US exports more expensive and imports cheaper.
- Exchange rate fluctuations can significantly impact the earnings of multinational corporations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the US dollar against a broad basket of foreign currencies, adjusted for seasonal factors. It provides an overview of the US dollar's strength compared to other major currencies.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is crucial for understanding the competitiveness of US exports and the purchasing power of the US currency globally. It is closely monitored by economists, policymakers, and businesses to analyze the impact of exchange rate fluctuations on trade, investment, and macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this exchange rate trend to assess the US economic position and guide decisions on monetary policy, trade, and international investment.
Q: Are there update delays or limitations?
A: The US dollars, exchange rate converted, Seasonally Adjusted data is published regularly by the Federal Reserve and is generally considered timely and reliable.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Seasonally Adjusted (SAUB6DBSE01CXCUSAQ), retrieved from FRED.