International Merchandise Trade Statistics: Imports: Commodities for Czechia
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTIMVA01CZA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
232,517,100,000.00
Year-over-Year Change
63.57%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate for the U.S. dollar against the South African rand. It is a key indicator of international trade and capital flows.
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 to South African rand exchange rate reflects the relative value of the two currencies. This data series is used by economists, policymakers, and investors to analyze international trade dynamics, assess economic competitiveness, and forecast exchange rate movements.
Methodology
The Federal Reserve calculates this exchange rate based on official foreign exchange market data.
Historical Context
The U.S. dollar exchange rate is closely monitored for its impacts on trade, inflation, and the broader economy.
Key Facts
- The U.S. dollar to South African rand exchange rate has fluctuated significantly over the past decade.
- Movements in this exchange rate impact the competitiveness of U.S. exports and the cost of imports.
- The Federal Reserve publishes this data series on a monthly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate between the U.S. dollar and the South African rand.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar to rand exchange rate is a key indicator of international trade dynamics and economic competitiveness.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this exchange rate based on official foreign exchange market data.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the U.S. dollar exchange rate to assess its impacts on trade, inflation, and the broader economy.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this data series on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTIMVA01CZA667S), retrieved from FRED.