International Merchandise Trade Statistics: Imports: Commodities for Denmark
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTIMVA01DKA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132,364,300,000.00
Year-over-Year Change
35.72%
Date Range
1/1/1957 - 1/1/2024
Summary
This economic trend tracks the annual, seasonally adjusted exchange rate of the US dollar converted to a foreign currency. It provides important insights into the relative strength and purchasing power of the US dollar in global markets.
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 US dollars, exchange rate converted trend measures the annual, seasonally adjusted value of the US dollar relative to a foreign currency. This metric is widely used by economists, policymakers, and investors to assess the international competitiveness of the US economy and the purchasing power of the dollar in global trade and financial transactions.
Methodology
The data is collected and calculated by the US Federal Reserve using established exchange rate conversion methodologies.
Historical Context
This trend serves as a key indicator for analyzing trade balances, inflation, and the overall health of the US economy in relation to its global economic partners.
Key Facts
- The US dollar is the world's most widely traded and reserve currency.
- Exchange rate fluctuations can significantly impact import/export prices and trade balances.
- Strengthening of the US dollar can make US exports less competitive globally.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the annual, seasonally adjusted exchange rate of the US dollar converted to a foreign currency, providing insights into the dollar's relative strength and purchasing power in global markets.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial indicator for economists, policymakers, and investors to assess the international competitiveness of the US economy and the dollar's purchasing power in global trade and finance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve using established exchange rate conversion methodologies.
Q: How is this trend used in economic policy?
A: This trend serves as a key indicator for analyzing trade balances, inflation, and the overall health of the US economy in relation to its global economic partners, informing policymaking decisions.
Q: Are there update delays or limitations?
A: The data is published annually and reflects the seasonally adjusted exchange rate, which may not capture short-term fluctuations in the dollar's value.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTIMVA01DKA667S), retrieved from FRED.