National Currency, Annual
XFORNC01LUA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
711,000,000.00
Year-over-Year Change
315.79%
Date Range
1/1/1999 - 1/1/2014
Summary
The National Currency, Annual trend measures the annual exchange rate between the U.S. dollar and national currencies of major trading partners. It is an important indicator for analyzing international trade, capital flows, and currency market dynamics.
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 economic series tracks the annual average exchange rate between the U.S. dollar and a trade-weighted basket of foreign currencies. It provides insights into the relative strength of the U.S. dollar versus other major global currencies over time.
Methodology
The Federal Reserve calculates this index using foreign exchange rate data from a variety of official sources.
Historical Context
The National Currency index is widely used by economists, policymakers, and market analysts to assess U.S. trade competitiveness and the international purchasing power of the dollar.
Key Facts
- The index is trade-weighted, reflecting a basket of major foreign currencies.
- A rising index indicates the U.S. dollar is strengthening versus other currencies.
- The index has declined over the past two decades, reflecting a weaker dollar.
FAQs
Q: What does this economic trend measure?
A: The National Currency, Annual trend measures the average annual exchange rate between the U.S. dollar and a basket of major foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into the relative strength of the U.S. dollar versus other global currencies, which is a key indicator of international trade competitiveness and capital flows.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index using foreign exchange rate data from official sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the National Currency index to assess the international purchasing power of the U.S. dollar and its impact on trade, inflation, and monetary policy.
Q: Are there update delays or limitations?
A: The National Currency, Annual data is published with a lag of several months, reflecting the time required to compile the underlying exchange rate information.
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Citation
U.S. Federal Reserve, National Currency, Annual (XFORNC01LUA189N), retrieved from FRED.