Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Luxembourg
CCUSSP01LUM650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
3.60%
Date Range
1/1/1960 - 12/1/2023
Summary
This economic trend measures the end-of-period spot exchange rate between the US dollar and the currency of Luxembourg. It is a key indicator for tracking the relative value of the US dollar in global currency markets.
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: Spot, End of Period for Luxembourg represents the market exchange rate between the US dollar and the Luxembourg currency at the close of the trading day. This data point is widely used by economists, policymakers, and financial analysts to assess the strength and stability of the US dollar compared to other global currencies.
Methodology
The data is collected and calculated by the US Federal Reserve from forex market prices.
Historical Context
This exchange rate is closely monitored by central banks, governments, and multinational corporations to inform policy decisions and manage currency risk.
Key Facts
- The US dollar is the world's dominant reserve currency.
- Luxembourg is a major global financial center.
- Exchange rates fluctuate based on economic conditions and trade balances.
FAQs
Q: What does this economic trend measure?
A: This trend measures the end-of-period spot exchange rate between the US dollar and the national currency of Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial indicator for assessing the relative strength of the US currency and informing economic and financial decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve from foreign exchange market prices.
Q: How is this trend used in economic policy?
A: Central banks, governments, and multinational corporations use this exchange rate data to guide monetary policy, manage currency risk, and make international business decisions.
Q: Are there update delays or limitations?
A: The data is published with a short lag time and represents end-of-period spot prices, which may not reflect intraday volatility.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Luxembourg (CCUSSP01LUM650N), retrieved from FRED.