International Merchandise Trade Statistics: Trade Balance: Commodities for Russia
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTNTVA01RUA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133,385,000,000.00
Year-over-Year Change
-31.09%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic indicator tracks the annual, seasonally adjusted exchange rate for the U.S. dollar against a broad basket of major currencies. It is a key measure of the dollar's international purchasing power and 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 U.S. dollar exchange rate is a fundamental indicator of the nation's international economic position. This broad, trade-weighted index reflects the dollar's value relative to the currencies of major U.S. trading partners, providing insight into export and import dynamics.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates for the U.S. dollar against a basket of currencies.
Historical Context
Policymakers and analysts closely monitor the dollar exchange rate to assess the competitiveness of U.S. goods and services in global markets.
Key Facts
- The U.S. dollar exchange rate hit a 20-year high in 2022.
- A stronger dollar makes U.S. exports more expensive for foreign buyers.
- The exchange rate reflects the dollar's role as the world's primary reserve currency.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the annual, seasonally adjusted exchange rate for the U.S. dollar against a broad basket of major currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a fundamental indicator of the nation's international economic position and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on exchange rates for the U.S. dollar against a basket of currencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the dollar exchange rate to assess the competitiveness of U.S. goods and services in global markets.
Q: Are there update delays or limitations?
A: The data is released annually and reflects annual, seasonally adjusted values.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTNTVA01RUA667S), retrieved from FRED.