Balance of Payments: Total Net Current Account for Bangladesh
U.S. Dollars
BGDBCABP6USD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9,781,397,391.50
Year-over-Year Change
-767.44%
Date Range
1/1/2016 - 1/1/2024
Summary
The U.S. Dollars trend measures the U.S. dollar's value relative to a broad basket of global currencies. It is a key indicator of the dollar's international purchasing power and exchange rate dynamics.
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. Dollars index tracks the performance of the U.S. dollar against a weighted average of major global currencies. It is a widely referenced metric for analyzing the dollar's strength and competitiveness in international trade and finance.
Methodology
The Federal Reserve calculates the index based on trade-weighted exchange rates for the U.S. dollar against a broad group of trading partner currencies.
Historical Context
The U.S. Dollars index is closely monitored by policymakers, analysts, and investors to assess the dollar's role in the global economy and its impact on U.S. imports, exports, and financial markets.
Key Facts
- The index uses a base year of 2006.
- It tracks the dollar against a broad basket of 26 currencies.
- The index reached an all-time high in March 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The U.S. Dollars index measures the value of the U.S. dollar relative to a weighted basket of major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Dollars index is a key indicator of the dollar's purchasing power and competitiveness in international trade and finance, making it highly relevant for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the U.S. Dollars index based on trade-weighted exchange rates for the U.S. dollar against a broad group of trading partner currencies.
Q: How is this trend used in economic policy?
A: The U.S. Dollars index is closely monitored by policymakers to assess the dollar's role in the global economy and its impact on U.S. imports, exports, and financial markets.
Q: Are there update delays or limitations?
A: The U.S. Dollars index is updated daily by the Federal Reserve and published with minimal delay.
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Citation
U.S. Federal Reserve, U.S. Dollars (BGDBCABP6USD), retrieved from FRED.