International Merchandise Trade Statistics: Trade Balance: Commodities for Denmark
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTNTVA01DKA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,886,750,000.00
Year-over-Year Change
170.31%
Date Range
1/1/1957 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted US dollar exchange rate converted to a foreign currency. It is a key indicator of the dollar's purchasing power and global trade competitiveness.
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 represents the value of the US dollar relative to a foreign currency, adjusted for seasonal factors. It is widely used by economists, policymakers, and businesses to analyze the dollar's strength and its impact on international trade, investment, and inflation.
Methodology
The data is collected and calculated by the US Federal Reserve based on foreign exchange market quotations.
Historical Context
The US dollar exchange rate is a critical input for assessing the country's economic conditions and policy decisions.
Key Facts
- The US dollar is the world's primary reserve currency.
- A stronger dollar makes US exports more expensive globally.
- Exchange rate fluctuations impact inflation, consumer purchasing power, and investment flows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate of the US dollar converted to a foreign currency. It represents the purchasing power and global competitiveness of the US dollar.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a critical indicator for economists, policymakers, and businesses to assess the dollar's strength, international trade dynamics, and the potential impacts on inflation, investment, and consumer purchasing power.
Q: How is this data collected or calculated?
A: The US Federal Reserve collects and calculates this data based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: The US dollar exchange rate is a key input for the Federal Reserve and other policymakers when evaluating monetary policy, trade policy, and the overall health of the US economy.
Q: Are there update delays or limitations?
A: The data is published annually with a seasonal adjustment, so there may be some delay in reflecting the most recent exchange rate movements.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTNTVA01DKA667S), retrieved from FRED.