Individual Income Tax Filing: Standard Deductions
Thousands of U.S. Dollars
DDSTRA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
893,666,363.00
Year-over-Year Change
59.32%
Date Range
1/1/1999 - 1/1/2016
Summary
The 'Thousands of U.S. Dollars' series measures the value of U.S. dollars in thousands. This metric is crucial for economists and policymakers to analyze exchange rates, international trade, and the strength of the U.S. economy.
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
This economic indicator represents the U.S. dollar's valuation relative to other currencies. It is widely used to assess the competitiveness of U.S. exports, the purchasing power of American consumers, and the overall health of the nation's financial system.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Policymakers and market analysts closely monitor this trend to inform decisions on monetary policy, trade agreements, and investment strategies.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- The value of the dollar influences the competitiveness of U.S. exports.
- Fluctuations in the dollar's exchange rate impact American consumers and businesses.
FAQs
Q: What does this economic trend measure?
A: The 'Thousands of U.S. Dollars' series tracks the value of the U.S. dollar relative to other major currencies.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating the strength of the U.S. economy, the competitiveness of American exports, and the purchasing power of domestic consumers.
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 and market analysts use this trend to inform decisions on monetary policy, trade agreements, and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, with minimal delays. However, users should be aware that exchange rates can be volatile and subject to various economic and political factors.
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Citation
U.S. Federal Reserve, Thousands of U.S. Dollars (DDSTRA), retrieved from FRED.