International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
SVKXTIMVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,109,150,000.00
Year-over-Year Change
1.83%
Date Range
12/1/1992 - 5/1/2025
Summary
This trend measures the monthly exchange rate for the US dollar against a broad basket of foreign currencies, on a not seasonally adjusted basis. It provides insight into the relative strength and purchasing power of the US dollar in international markets.
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, Exchange Rate Converted series tracks the monthly nominal exchange rate for the US dollar against a trade-weighted index of foreign currencies. This data is useful for analyzing the international competitiveness of US goods and services, as well as the buying power of the dollar for consumers and businesses.
Methodology
The data is calculated by the Federal Reserve based on exchange rates from foreign exchange markets.
Historical Context
Policymakers and market analysts monitor this exchange rate trend to assess the impact on trade, inflation, and economic growth.
Key Facts
- The US dollar exchange rate index has a base year of 2006.
- A stronger US dollar can make US exports more expensive for foreign buyers.
- Fluctuations in the exchange rate can affect domestic inflation and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly nominal exchange rate for the US dollar against a broad basket of foreign currencies, on a not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a key indicator of the dollar's strength and purchasing power in international markets, which impacts trade, inflation, and economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates from foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this exchange rate trend to assess its impact on trade, inflation, and economic growth, and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with no known update delays or significant limitations.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted (SVKXTIMVA01CXMLM), retrieved from FRED.