US Dollars, Sum Over Component Sub-periods, Annual
BPFADI03CZA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,993,020,000.00
Year-over-Year Change
-11.51%
Date Range
1/1/1993 - 1/1/2013
Summary
The 'US Dollars, Sum Over Component Sub-periods, Annual' series measures the total value of the U.S. dollar across different time periods over the course of a year. This data is crucial for understanding exchange rate dynamics and international trade flows.
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 annual economic indicator tracks the aggregated dollar value at different points throughout the year, providing insight into the overall strength and stability of the U.S. currency. Economists and policymakers use this data to analyze broad trends in the dollar's purchasing power and competitiveness.
Methodology
The data is collected and reported annually by the U.S. Federal Reserve.
Historical Context
This metric informs policy decisions related to exchange rates, trade balances, and international economic strategy.
Key Facts
- The U.S. dollar is the world's most traded and held currency.
- The annual dollar value reflects the currency's purchasing power over time.
- Tracking the dollar's fluctuations is crucial for global economic stability.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total annual value of the U.S. dollar, aggregated across different time periods throughout the year.
Q: Why is this trend relevant for users or analysts?
A: This data provides crucial insights into the overall strength and stability of the U.S. currency, which is vital for understanding exchange rate dynamics and international trade flows.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This metric informs policy decisions related to exchange rates, trade balances, and international economic strategy.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, 'US Dollars, Sum Over Component Sub-periods, Annual' (BPFADI03CZA637N), retrieved from FRED.