International Merchandise Trade Statistics: Trade Balance: Commodities for France
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTNTVA01FRA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-112,260,600,000.00
Year-over-Year Change
7.20%
Date Range
1/1/1970 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate of the U.S. dollar converted to a foreign currency. It is a crucial indicator of the dollar's strength and international trade dynamics.
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. dollars, exchange rate converted, Annual, Seasonally Adjusted data series tracks the yearly average exchange rate of the U.S. dollar against a foreign currency, adjusted for seasonal variations. This metric is essential for analyzing the dollar's purchasing power, trade balances, and the competitiveness of U.S. exports.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Economists and policymakers use this trend to gauge the dollar's value and its impact on the domestic and global economy.
Key Facts
- The U.S. dollar is the world's dominant reserve currency.
- Exchange rates impact the competitiveness of U.S. exports and imports.
- Fluctuations in the dollar's value affect inflation, interest rates, and trade balances.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate of the U.S. dollar converted to a foreign currency.
Q: Why is this trend relevant for users or analysts?
A: The dollar's exchange rate is a crucial indicator of the U.S. currency's strength and international trade dynamics, which impact the domestic and global economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to gauge the dollar's value and its impact on trade, inflation, and interest rates.
Q: Are there update delays or limitations?
A: The data is updated annually and may have a lag due to the time required for collection and seasonal adjustment.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTNTVA01FRA667S), retrieved from FRED.