US Dollars, Sum Over Component Sub-periods, Annual
BPCATC01SKA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,719,920,000.00
Year-over-Year Change
1920.58%
Date Range
1/1/1993 - 1/1/2013
Summary
This economic indicator measures the total annual value of the U.S. dollar across various sub-periods. It provides insights into the overall strength and performance of the U.S. currency over time.
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, Sum Over Component Sub-periods, Annual' metric tracks the aggregate dollar value accumulated across different time intervals within a given year. This data point is used by economists and policymakers to analyze trends in U.S. dollar valuation and its broader economic implications.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on underlying currency exchange rate information.
Historical Context
This trend is widely referenced in discussions of monetary policy, international trade, and the global financial system.
Key Facts
- The U.S. dollar is the world's most widely traded and held currency.
- The annual sum of U.S. dollar values helps track the currency's overall performance.
- Dollar valuation is a key consideration for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total annual value of the U.S. dollar across various sub-periods within a year, providing insights into the currency's overall performance.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar's valuation is a critical factor for economists, policymakers, and market participants, as it influences international trade, investments, and the broader financial system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on underlying currency exchange rate information.
Q: How is this trend used in economic policy?
A: This metric is widely referenced in discussions of monetary policy, as the Federal Reserve closely monitors the U.S. dollar's performance when making decisions that can impact its valuation.
Q: Are there update delays or limitations?
A: The data is published annually by the Federal Reserve, with a typical lag of several months from the end of the reference year.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual (BPCATC01SKA637N), retrieved from FRED.