International Merchandise Trade Statistics: Trade Balance: Commodities for Slovak Republic
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
XTNTVA01SKQ667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156,094,700.00
Year-over-Year Change
-112.06%
Date Range
1/1/1993 - 1/1/2025
Summary
This economic trend measures the U.S. dollar's exchange rate against a trade-weighted basket of foreign currencies on a quarterly, seasonally adjusted basis. It provides insights into the dollar's relative strength and can inform policymakers and analysts.
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 crucial economic indicator that reflects the dollar's purchasing power and competitiveness in global trade. This quarterly, seasonally adjusted series tracks the dollar's value relative to a weighted index of major trading partner currencies, offering a comprehensive view of the dollar's performance.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
The dollar exchange rate trend is closely monitored by policymakers, investors, and economists to assess the nation's trade position and the potential impact on exports, imports, and domestic inflation.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- A stronger dollar makes U.S. exports more expensive and imports cheaper.
- The dollar exchange rate influences inflation, interest rates, and the current account balance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the U.S. dollar's exchange rate against a trade-weighted basket of foreign currencies on a quarterly, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The dollar exchange rate is a critical economic indicator that provides insights into the dollar's purchasing power and competitiveness, influencing trade, inflation, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and economists closely monitor the dollar exchange rate trend to assess the nation's trade position and the potential impact on exports, imports, and domestic inflation.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a typical one-to-two-month delay.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (XTNTVA01SKQ667S), retrieved from FRED.