Balance of Payments: Total Net Current Account for Philippines
U.S. Dollars
PHLBCABP6USD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10,647,859,441.30
Year-over-Year Change
788.15%
Date Range
1/1/2016 - 1/1/2024
Summary
The U.S. Dollars trend measures the value of the U.S. dollar relative to a basket of major currencies. It is a key indicator of the dollar's international purchasing power and a barometer of the nation's economic performance.
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. Dollars index tracks the value of the U.S. dollar against a weighted average of foreign currencies. It is used by economists, policymakers, and market participants to assess the dollar's strength, trade competitiveness, and the impact on import/export activity.
Methodology
The data is calculated by the Federal Reserve based on exchange rates for major global currencies.
Historical Context
The U.S. Dollars index helps inform monetary and trade policies, as well as investment and business decisions.
Key Facts
- The U.S. Dollar index has been tracked since 1973.
- A rising index indicates a stronger U.S. dollar relative to other currencies.
- The index is based on a trade-weighted basket of major global currencies.
FAQs
Q: What does this economic trend measure?
A: The U.S. Dollars index measures the value of the U.S. dollar relative to a basket of major foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Dollars index is a key indicator of the dollar's international purchasing power and competitiveness, which informs economic, trade, and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates for major global currencies.
Q: How is this trend used in economic policy?
A: The U.S. Dollars index helps inform monetary and trade policies, as it reflects the dollar's strength and impact on imports, exports, and international competitiveness.
Q: Are there update delays or limitations?
A: The U.S. Dollars index is updated regularly by the Federal Reserve with minimal delays, providing timely data for economic analysis and decision-making.
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Citation
U.S. Federal Reserve, U.S. Dollars (PHLBCABP6USD), retrieved from FRED.