Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Germany
CCUSSP01DEQ650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
-9.95%
Date Range
1/1/1960 - 10/1/2023
Summary
This economic trend measures the end-of-period US dollar exchange rate against the German national currency, providing insights into currency market dynamics and international trade competitiveness.
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 dollar exchange rate against the German national currency is a key indicator of relative economic strength and trade balances between the two countries. It is widely used by economists, policymakers, and businesses to assess international purchasing power and competitiveness.
Methodology
The data is collected and reported by the US Federal Reserve based on spot market exchange rates.
Historical Context
This exchange rate trend is closely monitored by central banks, finance ministries, and international organizations to inform monetary and fiscal policies.
Key Facts
- The US dollar is a globally dominant reserve currency.
- Exchange rates impact the competitiveness of exports and imports.
- Currency markets are highly volatile and sensitive to economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the end-of-period US dollar exchange rate against the German national currency, providing insights into currency market dynamics and trade competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial indicator for assessing relative economic strength, international trade balances, and the competitiveness of exports and imports between the US and Germany.
Q: How is this data collected or calculated?
A: The data is collected and reported by the US Federal Reserve based on spot market exchange rates.
Q: How is this trend used in economic policy?
A: This exchange rate trend is closely monitored by central banks, finance ministries, and international organizations to inform monetary and fiscal policies that impact trade, investment, and economic growth.
Q: Are there update delays or limitations?
A: The data is reported on a timely basis, but exchange rates can be highly volatile and subject to frequent fluctuations due to market conditions and economic events.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Germany (CCUSSP01DEQ650N), retrieved from FRED.