US Dollars, Sum Over Component Sub-periods, Annual
BPFADI03AUA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,800,506,573.39
Year-over-Year Change
363.62%
Date Range
1/1/1960 - 1/1/2013
Summary
This economic trend measures the total annual value of the U.S. dollar in terms of its component sub-periods. It provides important insights into the stability and performance of the U.S. currency over time.
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, Sum Over Component Sub-periods, Annual' series tracks the aggregated annual value of the U.S. dollar against other global currencies. It is a key indicator used by economists and policymakers to assess the dollar's purchasing power and competitiveness in international markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on the exchange rates of the U.S. dollar against a basket of foreign currencies.
Historical Context
This trend is closely monitored by financial analysts, central banks, and trade officials to inform economic policy decisions and exchange rate management.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- The dollar's value fluctuates based on economic and political factors.
- Tracking the dollar's annual value helps assess its global purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual value of the U.S. dollar based on its performance against a basket of foreign currencies over the course of the year.
Q: Why is this trend relevant for users or analysts?
A: The dollar's annual value is a key indicator of the currency's strength and competitiveness, which has important implications for international trade, investment, and macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on the exchange rates of the U.S. dollar against a weighted basket of foreign currencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the dollar's global standing, which informs decisions on monetary policy, trade agreements, and exchange rate management.
Q: Are there update delays or limitations?
A: The data is published annually by the Federal Reserve with minimal delays, providing a comprehensive view of the dollar's performance over the course of each year.
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Citation
U.S. Federal Reserve, 'US Dollars, Sum Over Component Sub-periods, Annual' (BPFADI03AUA637N), retrieved from FRED.