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Thousands of U.S. Dollars
SDRASDOBA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,572,178.00
Year-over-Year Change
80.26%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Thousands of U.S. Dollars' trend measures the average value of the U.S. dollar against a trade-weighted basket of foreign currencies. This metric is crucial for analyzing exchange rate dynamics and international trade competitiveness.
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 'Thousands of U.S. Dollars' series represents the average foreign exchange value of the U.S. dollar against a broad index of foreign currencies. It is a key indicator used by economists, policymakers, and investors to gauge the dollar's strength and its potential impact on trade, inflation, and financial markets.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates in the foreign exchange market.
Historical Context
Policymakers monitor this trend to help inform decisions on monetary policy, while market participants use it to assess the dollar's impact on their international business and investments.
Key Facts
- The base year for the index is 2006.
- The index includes currencies from over 25 countries.
- A higher index value indicates a stronger U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of U.S. Dollars' trend measures the average foreign exchange value of the U.S. dollar against a broad basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing exchange rate dynamics, international trade competitiveness, and the potential impact on inflation and financial markets.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on exchange rates in the foreign exchange market.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to help inform decisions on monetary policy, while market participants use it to assess the dollar's impact on their international business and investments.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Thousands of U.S. Dollars (SDRASDOBA), retrieved from FRED.