National Currency, Quarterly
XFORNC01LUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
711,000,000.00
Year-over-Year Change
-9.29%
Date Range
4/1/1999 - 10/1/2014
Summary
The National Currency, Quarterly trend measures the value of the U.S. dollar relative to a trade-weighted basket of foreign currencies on a quarterly basis. This metric is important for evaluating the global competitiveness of American goods and services.
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 National Currency, Quarterly series tracks the U.S. dollar's exchange rate against a group of major trading partner currencies. It is used by policymakers, economists, and analysts to assess the dollar's strength and how it impacts trade, inflation, and overall economic conditions.
Methodology
The Federal Reserve calculates this index based on trade data and exchange rates.
Historical Context
Central banks and governments monitor this trend to inform policies that affect import/export activity and international capital flows.
Key Facts
- The U.S. dollar is the world's leading reserve currency.
- The Federal Reserve publishes this index quarterly.
- A stronger dollar makes U.S. exports more expensive abroad.
FAQs
Q: What does this economic trend measure?
A: The National Currency, Quarterly trend tracks the value of the U.S. dollar relative to a trade-weighted basket of major foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The dollar's exchange rate is a key indicator of the U.S. economy's global competitiveness and can impact trade, inflation, and other important economic factors.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on trade data and exchange rates.
Q: How is this trend used in economic policy?
A: Central banks and governments monitor this trend to inform policies that affect import/export activity and international capital flows.
Q: Are there update delays or limitations?
A: The National Currency, Quarterly index is published by the Federal Reserve on a quarterly basis.
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Citation
U.S. Federal Reserve, National Currency, Quarterly (XFORNC01LUQ189N), retrieved from FRED.