International Merchandise Trade Statistics: Imports: Commodities for Israel
US dollars, exchange rate converted, Seasonally Adjusted
XTIMVA01ILA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,326,230,000.00
Year-over-Year Change
25.89%
Date Range
1/1/1980 - 1/1/2024
Summary
This economic trend measures the U.S. dollar exchange rate, which is a key indicator of the dollar's international purchasing power and a barometer for the nation's trade and economic health.
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, seasonally adjusted metric tracks the value of the U.S. dollar against a basket of major global currencies. It is widely used by economists, policymakers, and market analysts to assess the competitiveness of U.S. exports and imports.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on exchange rate quotations.
Historical Context
The U.S. dollar exchange rate is a critical indicator for monetary and trade policy decisions.
Key Facts
- The U.S. dollar is the world's reserve currency.
- A stronger dollar makes U.S. exports more expensive globally.
- Exchange rate fluctuations impact consumer prices and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the U.S. dollar exchange rate, which reflects the value of the dollar compared to a basket of major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a crucial indicator of the dollar's international purchasing power and competitiveness, with implications for trade, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rate quotations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the U.S. dollar exchange rate to assess the competitiveness of U.S. exports and imports, informing trade and monetary policy decisions.
Q: Are there update delays or limitations?
A: The U.S. dollar exchange rate data is updated regularly by the Federal Reserve with minimal delays, providing a timely indicator of currency market conditions.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Seasonally Adjusted (XTIMVA01ILA667S), retrieved from FRED.