International Merchandise Trade Statistics: Exports: Commodities for Estonia
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTEXVA01EEA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,758,220,000.00
Year-over-Year Change
16.87%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic indicator tracks the U.S. dollar's annual exchange rate, adjusted for seasonal variations. It is a key measure of the dollar's strength and competitiveness in global trade and finance.
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 exchange rate converted series measures the value of the U.S. dollar relative to a broad index of other major currencies. This metric is widely used by economists, policymakers, and market analysts to assess the dollar's purchasing power and impact on imports, exports, and capital flows.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Historical Context
The exchange rate is a critical factor in U.S. monetary and trade policy decisions.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- Exchange rates impact the price of imports and exports.
- Fluctuations in the dollar's value can affect inflation and interest rates.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the annual, seasonally adjusted exchange rate of the U.S. dollar against a broad index of other major currencies.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a critical metric for assessing the dollar's purchasing power, competitiveness, and impact on trade, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this data based on foreign exchange market transactions.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the exchange rate when making decisions about trade, monetary policy, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is released annually with a seasonal adjustment, so there may be a delay in reflecting the most recent market conditions.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTEXVA01EEA667S), retrieved from FRED.