International Merchandise Trade Statistics: Trade Balance: Commodities for Canada
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
XTNTVA01CAQ667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,454,646,000.00
Year-over-Year Change
-10.35%
Date Range
1/1/1957 - 1/1/2025
Summary
This economic trend measures the value of the U.S. dollar against a broad basket of other currencies on a quarterly, seasonally adjusted basis. It provides insight into the relative strength of the dollar and its impact on international trade and investment.
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 is a key indicator of the dollar's purchasing power and competitiveness in global markets. This broad index aggregates the dollar's performance across major trading partners, offering a comprehensive view of the currency's performance over time.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates and trade volumes.
Historical Context
The dollar exchange rate is closely monitored by policymakers, businesses, and investors to assess the country's economic health and international competitiveness.
Key Facts
- The index is based on the exchange rates of the U.S. dollar against the currencies of major U.S. trading partners.
- The exchange rate index adjusts for seasonal variations in trade and financial flows.
- A rising index indicates a stronger U.S. dollar relative to other currencies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the U.S. dollar against a broad basket of other currencies on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The dollar exchange rate is a key indicator of the dollar's purchasing power and competitiveness in global markets, providing insight into the country's economic health and international trade dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on exchange rates and trade volumes.
Q: How is this trend used in economic policy?
A: The dollar exchange rate is closely monitored by policymakers, businesses, and investors to assess the country's economic health and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a potential delay of several weeks following the end of the quarter.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (XTNTVA01CAQ667S), retrieved from FRED.