Balance of Payments: Services: Expenditure for Canada
US dollars, exchange rate converted, Not Seasonally Adjusted
CANB6DBSE01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,710,630,000.00
Year-over-Year Change
16.65%
Date Range
1/1/1981 - 10/1/2024
Summary
This economic trend tracks the US dollar exchange rate, converted to Canadian dollars, on a not seasonally adjusted basis. It provides insights into the relative strength and purchasing power of the US currency.
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, exchange rate converted, Not Seasonally Adjusted series measures the value of the US dollar compared to the Canadian dollar. This metric is widely used by economists, policymakers, and market analysts to assess the competitiveness of US exports and the purchasing power of US consumers in the Canadian market.
Methodology
The data is collected and calculated by the US Federal Reserve.
Historical Context
This exchange rate trend is closely monitored for its implications on trade, tourism, and cross-border economic activity.
Key Facts
- The US dollar has appreciated over 20% against the Canadian dollar since 2014.
- A stronger US dollar makes American goods more expensive for Canadian consumers.
- Fluctuations in this exchange rate can impact cross-border tourism and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the US dollar compared to the Canadian dollar on a not seasonally adjusted basis. It tracks the relative strength and purchasing power of the US currency.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate metric is widely used by economists, policymakers, and market analysts to assess the competitiveness of US exports and the purchasing power of US consumers in the Canadian market.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve.
Q: How is this trend used in economic policy?
A: This exchange rate trend is closely monitored for its implications on trade, tourism, and cross-border economic activity.
Q: Are there update delays or limitations?
A: The US Federal Reserve provides this data on a regular basis with minimal delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (CANB6DBSE01CXCUQ), retrieved from FRED.