National Currency, Annual
XFORNC01NOA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
486,269,000,000.00
Year-over-Year Change
116.56%
Date Range
1/1/1957 - 1/1/2014
Summary
This annual economic indicator measures the value of the U.S. national currency relative to a weighted basket of foreign currencies. It is a key metric for evaluating the strength and 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
The National Currency, Annual index tracks the U.S. dollar's performance against a diversified set of major global currencies. This broad-based exchange rate measure is widely used by economists, policymakers, and investors to analyze trade competitiveness, inflation risks, and international capital flows.
Methodology
The index is calculated by the Federal Reserve based on exchange rates and trade volumes between the U.S. and its major trading partners.
Historical Context
Trends in the national currency index can inform Federal Reserve and Treasury Department policies related to exchange rates, trade, and monetary policy.
Key Facts
- The index is measured relative to 2006 as a base year of 100.
- The U.S. dollar reached a high in the index in 2016 before a subsequent decline.
- Exchange rate movements can impact the prices of imported and exported goods.
FAQs
Q: What does this economic trend measure?
A: The National Currency, Annual index tracks the value of the U.S. dollar relative to a trade-weighted basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The national currency index is a key indicator of the dollar's international purchasing power and trade competitiveness, which is important for economic policymakers and investors.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the index based on exchange rates and trade volumes between the U.S. and its major trading partners.
Q: How is this trend used in economic policy?
A: Trends in the national currency index can inform Federal Reserve and Treasury policies related to exchange rates, trade, and monetary policy.
Q: Are there update delays or limitations?
A: The national currency index is updated annually by the Federal Reserve and may have a short publication delay compared to some other economic indicators.
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Citation
U.S. Federal Reserve, National Currency, Annual (XFORNC01NOA189N), retrieved from FRED.