International Merchandise Trade Statistics: Trade Balance: Commodities for Canada
US dollars, exchange rate converted, Monthly, Seasonally Adjusted
XTNTVA01CAM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,170,387,000.00
Year-over-Year Change
334.11%
Date Range
1/1/1957 - 5/1/2025
Summary
This economic indicator tracks the monthly exchange rate of the U.S. dollar against a broad basket of currencies, adjusted for seasonal variations. It is a key metric for analyzing international trade and the global competitiveness of the U.S. economy.
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 series measures the trade-weighted value of the U.S. dollar relative to the currencies of major U.S. trading partners. It is used by economists, policymakers, and market analysts to assess the strength of the dollar and its impacts on exports, imports, and capital flows.
Methodology
The data is calculated by the Federal Reserve based on exchange rates and trade weights.
Historical Context
The exchange rate trends are closely monitored for their effects on the U.S. trade balance, inflation, and broader macroeconomic conditions.
Key Facts
- The U.S. dollar index reached a 20-year high in 2022.
- A stronger dollar makes U.S. exports more expensive for foreign buyers.
- The exchange rate reflects the relative economic performance and monetary policies of the U.S. and its trading partners.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly exchange rate of the U.S. dollar against a broad basket of currencies, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a key metric for analyzing international trade and the global competitiveness of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates and trade weights.
Q: How is this trend used in economic policy?
A: The exchange rate trends are closely monitored for their effects on the U.S. trade balance, inflation, and broader macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Seasonally Adjusted (XTNTVA01CAM667S), retrieved from FRED.