Balance of Payments: Goods: Expenditure for Sweden
US dollars, exchange rate converted, Not Seasonally Adjusted
SWEB6DBTD01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,598,010,000.00
Year-over-Year Change
-6.55%
Date Range
1/1/1982 - 10/1/2024
Summary
This economic trend measures the exchange rate of the U.S. dollar against a broad basket of currencies, providing insight into the dollar's 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 U.S. dollar exchange rate index tracks the value of the U.S. dollar relative to a trade-weighted group of major currencies. This broad-based index is used to assess the overall strength or weakness of the dollar in global currency markets.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates for the U.S. dollar against the currencies of major U.S. trading partners.
Historical Context
Movements in the U.S. dollar exchange rate index are closely monitored by policymakers, investors, and analysts for their impacts on trade, inflation, and the broader economy.
Key Facts
- The index uses 2006 as the base year, with a value of 100.
- The basket includes the currencies of major U.S. trading partners, weighted by their trade shares.
- The index is released daily by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate of the U.S. dollar against a broad basket of currencies, providing insight into the dollar's overall international purchasing power.
Q: Why is this trend relevant for users or analysts?
A: Movements in the U.S. dollar exchange rate index are closely monitored by policymakers, investors, and analysts for their impacts on trade, inflation, and the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on exchange rates for the U.S. dollar against the currencies of major U.S. trading partners.
Q: How is this trend used in economic policy?
A: The U.S. dollar exchange rate index is used by policymakers, economists, and market participants to assess the strength or weakness of the dollar and its implications for trade, inflation, and economic performance.
Q: Are there update delays or limitations?
A: The index is released daily by the Federal Reserve, providing timely data on the U.S. dollar's exchange rate movements.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (SWEB6DBTD01CXCUQ), retrieved from FRED.