International Merchandise Trade Statistics: Trade Balance: Commodities for Denmark
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
XTNTVA01DKQ667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,954,100,000.00
Year-over-Year Change
-1929.53%
Date Range
1/1/1957 - 4/1/2025
Summary
This economic trend measures the U.S. dollar's exchange rate against a broad basket of other currencies on a quarterly, seasonally adjusted basis. It provides insight into the relative strength and purchasing power of the U.S. 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 U.S. dollar exchange rate converted is a key indicator of the dollar's international standing and a measure of the country's competitiveness in global trade. Economists and policymakers closely monitor this metric to assess the impact on exports, imports, inflation, and other macroeconomic factors.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
This exchange rate trend is used to inform monetary and trade policy decisions.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- A strong dollar can negatively impact U.S. exports and trade balance.
- The exchange rate is influenced by factors like interest rates, inflation, and geopolitics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the U.S. dollar relative to a broad basket of other currencies on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a crucial indicator of the country's international competitiveness, impacting trade, inflation, and other key economic factors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the dollar's exchange rate to inform monetary, trade, and other macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a short delay.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (XTNTVA01DKQ667S), retrieved from FRED.