Balance of Payments: Other Investment: Liabilities (or Net Incurrence of Liabilities) for Saudi Arabia
US dollars, exchange rate converted
SAUB6FAOI03CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,669,010,000.00
Year-over-Year Change
28.56%
Date Range
1/1/2006 - 10/1/2024
Summary
The US dollars, exchange rate converted trend measures the value of the US dollar relative to a basket of major foreign currencies. This metric is closely watched by 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 tracks the US dollar's exchange rate, which is calculated as the weighted average of the foreign exchange value of the US dollar against a broad basket of major currencies. It provides insight into the dollar's performance compared to other world currencies and can signal shifts in global trade and investment patterns.
Methodology
The data is collected and calculated by the US Federal Reserve based on exchange rates in foreign exchange markets.
Historical Context
The US dollar exchange rate is a key indicator used by the Federal Reserve, financial institutions, and economic analysts to monitor the US economy's global competitiveness and international trade dynamics.
Key Facts
- The US dollar exchange rate has declined over 10% since 2020.
- A stronger dollar makes US exports more expensive for foreign buyers.
- The dollar's exchange rate is a key factor in the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The US dollars, exchange rate converted trend measures the value of the US dollar relative to a weighted basket of major foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial indicator of the dollar's international purchasing power and the US economy's global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on exchange rates in foreign exchange markets.
Q: How is this trend used in economic policy?
A: The US dollar exchange rate is closely monitored by the Federal Reserve, financial institutions, and economic analysts to assess the US economy's global standing and inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The US dollars, exchange rate converted data is published by the Federal Reserve on a regular basis with minimal delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (SAUB6FAOI03CXCUQ), retrieved from FRED.