International Merchandise Trade Statistics: Exports: Commodities for Slovak Republic
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
XTEXVA01SKQ667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,353,970,000.00
Year-over-Year Change
5.89%
Date Range
1/1/1993 - 1/1/2025
Summary
This economic indicator tracks the U.S. dollar's exchange rate on a quarterly, seasonally adjusted basis. It's a key metric for analyzing international trade, competitiveness, and the impact of currency movements.
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 converted measures the value of the U.S. dollar relative to a trade-weighted basket of currencies. This metric is widely used by economists, policymakers, and investors to assess the dollar's strength, which influences exports, imports, and the competitiveness of U.S. goods globally.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
The U.S. dollar exchange rate is closely monitored for its implications on economic policy, international trade, and financial markets.
Key Facts
- The U.S. dollar exchange rate has a significant impact on the competitiveness of U.S. exports.
- A stronger U.S. dollar can make imported goods cheaper for American consumers.
- Currency exchange rates are a key consideration for the Federal Reserve in setting monetary policy.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of the U.S. dollar against a basket of major foreign currencies on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a critical metric for understanding international trade, the competitiveness of U.S. exports, and the potential impact on consumer prices and inflation.
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 closely monitor the U.S. dollar exchange rate to assess its implications for trade, inflation, and the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a seasonal adjustment.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (XTEXVA01SKQ667S), retrieved from FRED.