International Merchandise Trade Statistics: Imports: Commodities for Austria
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
XTIMVA01ATQ667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,798,570,000.00
Year-over-Year Change
-8.81%
Date Range
1/1/1957 - 1/1/2025
Summary
This economic trend measures the U.S. dollar exchange rate, which is a key indicator of the country's global trade and 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
The U.S. dollars, exchange rate converted metric tracks the value of the U.S. dollar relative to a trade-weighted basket of foreign currencies. It is an important barometer of the dollar's strength and can impact imports, exports, and the overall trade balance.
Methodology
The data is calculated by the Federal Reserve using a formula that accounts for exchange rates and trade volumes.
Historical Context
Policymakers and analysts monitor this trend to assess the dollar's impact on the U.S. economy and international trade.
Key Facts
- The U.S. dollar is the world's dominant reserve currency.
- A stronger dollar makes U.S. exports more expensive abroad.
- The dollar's value can impact inflation, interest rates, and asset prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the U.S. dollar relative to a basket of foreign currencies, providing an indicator of the dollar's overall exchange rate.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a critical economic indicator that can impact trade, inflation, asset prices, and more, making it highly relevant for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this trade-weighted U.S. dollar index using a formula that accounts for exchange rates and trade volumes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the U.S. dollar exchange rate to assess its impacts on the economy, including trade, inflation, and the overall competitiveness of U.S. goods and services.
Q: Are there update delays or limitations?
A: This quarterly, seasonally adjusted data is published by the Federal Reserve with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (XTIMVA01ATQ667S), retrieved from FRED.