International Merchandise Trade Statistics: Trade Balance: Commodities for Ireland
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
XTNTVA01IEQ667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,795,880,000.00
Year-over-Year Change
157.94%
Date Range
1/1/1957 - 1/1/2025
Summary
The US dollars, exchange rate converted trend measures the value of the US dollar relative to a weighted basket of foreign currencies on a quarterly, seasonally adjusted basis. This metric is crucial for understanding the competitiveness of US exports and imports, as well as the overall strength of the US economy 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 US dollars, exchange rate converted trend is an important indicator of the international purchasing power of the US dollar. It tracks the average exchange rate of the US dollar against a group of major currencies, providing insight into the dollar's performance and the potential impact on trade, investment, and economic policy.
Methodology
The data is collected and calculated by the US Federal Reserve based on exchange rate information from global currency markets.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess the US economy's global competitiveness and guide decision-making on trade, monetary, and fiscal policies.
Key Facts
- The US dollar exchange rate has a significant impact on the cost of US exports and imports.
- A stronger US dollar can make US goods more expensive for foreign buyers, potentially hurting exports.
- Policymakers monitor the exchange rate to assess the US economy's global competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the US dollar relative to a weighted basket of foreign currencies on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the competitiveness of US exports and imports, as well as the overall strength of the US economy in global markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on exchange rate information from global currency markets.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and market analysts to assess the US economy's global competitiveness and guide decision-making on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a potential delay of several weeks.
Related Trends
National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Ireland
IRLCINSADSMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Ireland
IRLCPIENGMINMEI
International Trade: Exports: Value (Goods): Total for Ireland
XTEXVA01IEQ188S
Infra-Annual Labor Statistics: Employees Total for Ireland
LFESEETTIEQ647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Ireland
IRLCP070000CTGYM
Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Ireland
LFEM24TTIEA647N
Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (XTNTVA01IEQ667S), retrieved from FRED.