International Merchandise Trade Statistics: Imports: Commodities for Canada
US dollars, exchange rate converted, Quarterly, Not Seasonally Adjusted
CANXTIMVA01CXMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143,847,300,000.00
Year-over-Year Change
-5.39%
Date Range
1/1/1957 - 4/1/2025
Summary
This economic indicator tracks the quarterly exchange rate of the US dollar against a basket of major currencies, providing insight into the relative strength 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, Quarterly, Not Seasonally Adjusted metric is a key measure of the dollar's performance in foreign exchange markets. It helps economists and policymakers assess the competitiveness of US exports and the purchasing power of American consumers abroad.
Methodology
The data is collected and calculated by the US Federal Reserve based on exchange rate information from global currency markets.
Historical Context
This trend is widely used to analyze trade dynamics, inflation pressures, and the potential impact of exchange rate movements on the US economy.
Key Facts
- The US dollar is the world's primary reserve currency.
- A stronger dollar makes US exports more expensive for foreign buyers.
- Exchange rate fluctuations can significantly impact inflation and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarterly exchange rate of the US dollar against a basket of major global currencies, providing insight into the dollar's performance in foreign exchange markets.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a critical metric for assessing the competitiveness of US exports, the purchasing power of American consumers abroad, and broader economic dynamics related to trade, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on exchange rate information from global currency markets.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the US dollar exchange rate to gauge the impact on trade, inflation, and the broader economy, informing decisions on monetary policy, trade agreements, and other economic interventions.
Q: Are there update delays or limitations?
A: The US dollar exchange rate data is published on a quarterly basis with minimal delays, providing timely information to support economic analysis and decision-making.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Not Seasonally Adjusted (CANXTIMVA01CXMLQ), retrieved from FRED.