International Merchandise Trade Statistics: Trade Balance: Commodities for Slovak Republic
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTNTVA01SKA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,315,445,000.00
Year-over-Year Change
-27.04%
Date Range
1/1/1993 - 1/1/2024
Summary
This annual, seasonally adjusted series tracks the U.S. dollar exchange rate, providing a key indicator of American currency's international purchasing power and competitiveness.
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 is a vital economic measure used to assess the relative strength of the American currency compared to other major global currencies. This data is crucial for analyzing trade dynamics, inflation, and the domestic and international impacts of monetary policy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
The exchange rate informs decision-making by policymakers, financial markets, and international businesses.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- A stronger dollar can make U.S. exports less competitive globally.
- Exchange rate fluctuations impact inflation, trade balances, and capital flows.
FAQs
Q: What does this economic trend measure?
A: This series tracks the annual, seasonally adjusted exchange rate of the U.S. dollar relative to other major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The dollar exchange rate is a crucial indicator of the U.S. currency's international purchasing power and competitiveness, informing trade, inflation, and monetary policy analysis.
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, financial markets, and international businesses utilize this exchange rate data to assess trade dynamics, inflation, and the impacts of monetary policy.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted data may have some delay compared to more frequently updated exchange rate measures.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTNTVA01SKA667S), retrieved from FRED.