International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTIMVA01SKA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112,823,100,000.00
Year-over-Year Change
45.97%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate for the U.S. dollar. It is a crucial indicator for understanding the relative strength of the U.S. currency and its impact on international trade and investment.
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. dollar exchange rate converted is a macroeconomic indicator that tracks the value of the U.S. dollar relative to a basket of other major global currencies. This metric is widely used by economists, policymakers, and market analysts to assess the international competitiveness of American goods and services.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on exchange rate information from global financial markets.
Historical Context
The dollar exchange rate trend is closely monitored for its implications on the U.S. trade balance, foreign investment flows, and the overall health of the American economy.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- A stronger dollar makes U.S. exports more expensive for foreign buyers.
- The exchange rate trend can influence inflation, interest rates, and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate for the U.S. dollar relative to a basket of other major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The dollar exchange rate is a crucial indicator for understanding the international competitiveness of the U.S. economy and its implications for trade, investment, and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on exchange rate information from global financial markets.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the dollar exchange rate trend to assess its impact on the U.S. trade balance, foreign investment flows, and the overall health of the American economy.
Q: Are there update delays or limitations?
A: The U.S. Federal Reserve provides regular updates on the dollar exchange rate, with data typically available with a short delay.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTIMVA01SKA667S), retrieved from FRED.