International Merchandise Trade Statistics: Exports: Commodities for United States
US Dollar, Annual, Seasonally Adjusted
XTEXVA01USA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,061,689,000,000.00
Year-over-Year Change
33.38%
Date Range
1/1/1955 - 1/1/2024
Summary
The US Dollar, Annual, Seasonally Adjusted trend measures the annual change in the value of the U.S. dollar against a trade-weighted basket of foreign currencies. It is a key indicator of the dollar's international purchasing power and trade competitiveness.
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
This economic trend tracks the performance of the U.S. dollar relative to other major global currencies. It is used by economists, policymakers, and market analysts to assess the dollar's strength and its impact on trade, inflation, and financial markets.
Methodology
The data is calculated by the Federal Reserve based on exchange rates for the U.S. dollar against a broad index of foreign currencies.
Historical Context
The U.S. dollar's value is closely monitored for its influence on exports, imports, and the domestic economy.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- A stronger dollar makes U.S. exports more expensive for foreign buyers.
- Fluctuations in the dollar's value can impact inflation and interest rates.
FAQs
Q: What does this economic trend measure?
A: The US Dollar, Annual, Seasonally Adjusted trend measures the year-over-year change in the value of the U.S. dollar against a weighted basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The dollar's value is a critical indicator of the U.S. economy's trade competitiveness and purchasing power. It affects the prices of imports and exports, inflation, and the flow of capital and investment.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on exchange rates for the U.S. dollar against a broad index of foreign currencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the dollar's value to assess its impact on trade, inflation, and financial markets. Central banks may intervene to stabilize the dollar's exchange rate as part of broader economic policies.
Q: Are there update delays or limitations?
A: The U.S. Dollar, Annual, Seasonally Adjusted data is published monthly with a short delay. There are no major limitations, as it represents a standard measure of the dollar's performance.
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Citation
U.S. Federal Reserve, US Dollar, Annual, Seasonally Adjusted (XTEXVA01USA664S), retrieved from FRED.