International Merchandise Trade Statistics: Trade Balance: Commodities for Russia
US dollars, exchange rate converted, Monthly, Seasonally Adjusted
XTNTVA01RUM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,604,115,000.00
Year-over-Year Change
-56.07%
Date Range
1/1/1991 - 12/1/2024
Summary
This economic indicator tracks the monthly exchange rate of the U.S. dollar against a basket of major currencies, adjusted for seasonal variations. It provides insight into the strength and international purchasing power of the U.S. currency.
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 key metric for understanding the relative value of the American currency in global markets. This seasonally adjusted series measures the dollar's performance compared to a weighted average of other leading world currencies, offering crucial data for economists, policymakers, and market analysts.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on exchange rate quotes.
Historical Context
The dollar exchange rate is closely monitored for its implications on trade, investment, and the broader economy.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- A stronger dollar makes U.S. exports more expensive globally.
- Dollar exchange rates impact the cost of imported goods and services.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly exchange rate of the U.S. dollar against a basket of major international currencies, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The dollar's exchange rate is a crucial metric for understanding the purchasing power and global competitiveness of the U.S. currency, with significant implications for trade, investment, and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on exchange rate quotes.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the dollar exchange rate for its impact on trade, inflation, and the overall health of the U.S. economy, informing decisions on monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The U.S. Federal Reserve publishes this seasonally adjusted exchange rate data on a monthly basis with minimal delays, providing timely insights into the performance of the U.S. dollar.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Seasonally Adjusted (XTNTVA01RUM667S), retrieved from FRED.