National Currency, Monthly
XFORUS01CAM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71,937,000,000.00
Year-over-Year Change
4.95%
Date Range
1/1/1955 - 12/1/2013
Summary
The National Currency, Monthly trend measures the value of the U.S. dollar against a weighted basket of major global currencies. This indicator provides insights into the dollar's relative strength and 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 National Currency, Monthly series tracks the U.S. dollar index, which compares the value of the dollar to a group of foreign currencies. This widely followed measure helps economists and policymakers understand exchange rate dynamics and their impact on trade, investment, and the broader economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates in the foreign exchange market.
Historical Context
The National Currency, Monthly trend is closely monitored by financial markets, as currency movements can significantly influence economic conditions and policy decisions.
Key Facts
- The U.S. dollar index has risen over 20% since 2014.
- A stronger dollar can make U.S. exports more expensive for foreign buyers.
- Currency fluctuations can impact inflation, consumer prices, and asset values.
FAQs
Q: What does this economic trend measure?
A: The National Currency, Monthly trend measures the value of the U.S. dollar against a basket of major foreign currencies, providing insights into the dollar's international purchasing power and exchange rate dynamics.
Q: Why is this trend relevant for users or analysts?
A: The National Currency, Monthly trend is widely followed by economists, policymakers, and market participants, as currency movements can significantly impact trade, investment, inflation, and other key economic indicators.
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 and central banks closely monitor the National Currency, Monthly trend to assess the impact of exchange rate fluctuations on the broader economy and inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: The National Currency, Monthly data is published by the Federal Reserve with minimal delays, providing timely insights into currency market dynamics.
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Citation
U.S. Federal Reserve, National Currency, Monthly (XFORUS01CAM189N), retrieved from FRED.