International Merchandise Trade Statistics: Trade Balance: Commodities for India
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTNTVA01INA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-274,383,700,000.00
Year-over-Year Change
42.70%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate of the U.S. dollar against a broad index of other currencies. It provides important insights into the relative strength of the U.S. currency 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. dollars, exchange rate converted metric tracks the performance of the U.S. dollar compared to a trade-weighted basket of foreign currencies. This broad-based index is a key indicator of the dollar's purchasing power and can influence international trade, capital flows, and economic policy decisions.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates and trade volumes.
Historical Context
Policymakers and analysts closely monitor this exchange rate trend to assess the dollar's global competitiveness and its potential impact on the U.S. economy.
Key Facts
- The U.S. dollar index has fallen over 10% since its peak in 2022.
- A stronger dollar can make U.S. exports less competitive globally.
- Exchange rate trends impact multinational corporate profits and investment decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate of the U.S. dollar against a broad basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a key indicator of the dollar's global purchasing power and competitiveness, which can significantly impact international trade, capital flows, and economic policy decisions.
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: Policymakers and analysts closely monitor this exchange rate trend to assess the dollar's global competitiveness and its potential impact on the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published annually with a seasonally adjusted index, providing a comprehensive view of long-term exchange rate trends.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTNTVA01INA667S), retrieved from FRED.