International Merchandise Trade Statistics: Exports: Commodities for Spain
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTEXVA01ESA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
423,629,300,000.00
Year-over-Year Change
42.76%
Date Range
1/1/1966 - 1/1/2024
Summary
The US dollars, exchange rate converted trend measures the annual, seasonally adjusted value of the US dollar against a basket of major global currencies. This metric is closely watched by economists and policymakers to assess the relative strength of the US currency.
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 trend represents the annual, seasonally adjusted exchange rate of the US dollar relative to a weighted index of foreign currencies. This provides a broad measure of the dollar's purchasing power and competitiveness in international trade and investment.
Methodology
The data is collected and calculated by the US Federal Reserve based on exchange rates in global foreign exchange markets.
Historical Context
Policymakers and market analysts use this trend to evaluate the impact of the US dollar's value on economic factors like exports, imports, inflation, and capital flows.
Key Facts
- The US dollar exchange rate is a key indicator of the currency's global competitiveness.
- Fluctuations in the dollar's value can significantly impact US exports, imports, and inflation.
- Central banks monitor the exchange rate trend to guide monetary and trade policies.
FAQs
Q: What does this economic trend measure?
A: The US dollars, exchange rate converted trend measures the annual, seasonally adjusted value of the US dollar against a basket of major global currencies.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to assess the relative strength of the US currency and its impact on international trade, investment, and inflation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on exchange rates in global foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to evaluate the impact of the US dollar's value on economic factors like exports, imports, inflation, and capital flows.
Q: Are there update delays or limitations?
A: The data is released annually with a seasonal adjustment, so there may be some delay in reflecting the most current exchange rate conditions.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTEXVA01ESA667S), retrieved from FRED.