International Merchandise Trade Statistics: Exports: Commodities for Slovak Republic
US dollars, exchange rate converted, Monthly, Seasonally Adjusted
XTEXVA01SKM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,283,450,000.00
Year-over-Year Change
7.31%
Date Range
12/1/1992 - 4/1/2025
Summary
This economic trend measures the U.S. dollar exchange rate against a broad basket of foreign currencies on a monthly basis, adjusted for seasonal factors.
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 U.S. dollar exchange rate is a key indicator of the relative strength of the U.S. currency in global markets. It is closely monitored by economists, policymakers, and investors to assess the competitiveness of U.S. exports and the purchasing power of the dollar.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
The exchange rate trend is used to interpret domestic and international economic conditions.
Key Facts
- The U.S. dollar is the world's most widely traded currency.
- The exchange rate is influenced by factors like interest rates, inflation, and economic growth.
- Fluctuations in the exchange rate can impact the price of imports and exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate of the U.S. dollar against a broad basket of foreign currencies, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a critical indicator of the dollar's strength and competitiveness, which impacts trade, investment, and the cost of goods for consumers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the exchange rate trend to assess the competitiveness of U.S. exports, the purchasing power of the dollar, and broader economic conditions.
Q: Are there update delays or limitations?
A: The exchange rate data is published monthly with minimal delays, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Seasonally Adjusted (XTEXVA01SKM667S), retrieved from FRED.