International Merchandise Trade Statistics: Exports: Commodities for Luxembourg
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTEXVA01LUA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,200,020,000.00
Year-over-Year Change
-13.49%
Date Range
1/1/1988 - 1/1/2024
Summary
The annual, seasonally adjusted U.S. dollar exchange rate measures the value of the U.S. dollar relative to a basket of major currencies. This metric is crucial for understanding the competitiveness of U.S. exports and the purchasing power of the dollar internationally.
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 annual, seasonally adjusted U.S. dollar index tracks the performance of the U.S. dollar against currencies of major U.S. trading partners. It is a key indicator of the dollar's strength and can influence international trade, foreign investment, and the prices of imported and exported goods.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates and trade weights.
Historical Context
Policymakers and economists closely monitor the U.S. dollar exchange rate to assess economic conditions and inform monetary and trade policies.
Key Facts
- The U.S. dollar exchange rate index has a base year of 2006.
- The index measures the dollar against a broad basket of major currencies.
- The exchange rate can impact the competitiveness of U.S. exports and imports.
FAQs
Q: What does this economic trend measure?
A: The annual, seasonally adjusted U.S. dollar exchange rate index measures the value of the U.S. dollar relative to a basket of major foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a crucial indicator of the dollar's international purchasing power, which can influence trade, investment, and inflation.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on exchange rates and trade weights.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the U.S. dollar exchange rate to assess economic conditions and inform monetary and trade policies.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted U.S. dollar exchange rate data is published by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTEXVA01LUA667S), retrieved from FRED.