Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for Austria
US dollars, exchange rate converted
AUTB6FAOI01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3,645,250,000.00
Year-over-Year Change
-78.27%
Date Range
1/1/1999 - 10/1/2024
Summary
The 'US dollars, exchange rate converted' trend measures the value of the US dollar relative to a basket of foreign currencies. It is a key indicator of the US dollar's strength and can influence international trade, investment, and monetary policy decisions.
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
This data series tracks the trade-weighted exchange value of the US dollar against a broad basket of major currencies. The index is based on 1973-1997 average exchange rates, with a base value of 100. It provides an overall measure of the purchasing power and international competitiveness of the US currency.
Methodology
The Federal Reserve calculates this index using exchange rates between the US dollar and the currencies of the US's major trading partners.
Historical Context
Policymakers and analysts use this index to assess the dollar's performance and its impact on the US economy and international markets.
Key Facts
- The index has a base value of 100 as of 1973-1997 average.
- The dollar index reached a peak of 128.8 in 2002 and a low of 92.5 in 2011.
- A stronger dollar can make US exports more expensive and imports cheaper.
FAQs
Q: What does this economic trend measure?
A: The 'US dollars, exchange rate converted' trend measures the overall value of the US dollar relative to a basket of foreign currencies, providing an indicator of the dollar's purchasing power and international competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This index is closely watched by policymakers, businesses, and investors as it can influence international trade, investment flows, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index using exchange rates between the US dollar and the currencies of the US's major trading partners.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the dollar's performance and its impact on the US economy and international markets, informing decisions on trade, investment, and monetary policy.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve and updated daily, with no significant delays or limitations.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (AUTB6FAOI01CXCUQ), retrieved from FRED.