International Merchandise Trade Statistics: Exports: Commodities for Colombia
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
COLXTEXVA01CXMLSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,450,980,000.00
Year-over-Year Change
-6.32%
Date Range
1/1/1970 - 1/1/2025
Summary
This economic trend measures the exchange rate of the US dollar against a broad basket of major currencies, adjusted for seasonality. It provides important insights into the strength and competitiveness of the US currency in global 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 Dollars, Exchange Rate Converted metric tracks the value of the US dollar relative to a broad index of other major world currencies. This data point is widely used by economists, policymakers, and financial analysts to assess the international purchasing power and competitiveness of the US economy.
Methodology
The data is collected and calculated by the US Federal Reserve using a trade-weighted index methodology.
Historical Context
This exchange rate trend is a key indicator for understanding US trade dynamics, inflation pressures, and the global position of the US economy.
Key Facts
- The US dollar exchange rate index uses a trade-weighted basket of major currencies.
- A stronger dollar makes US exports more expensive, but imports cheaper.
- Exchange rate trends impact inflation, interest rates, and the US trade balance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate of the US dollar against a broad basket of major currencies, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial indicator of the international purchasing power and competitiveness of the US economy, with implications for 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 using a trade-weighted index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the US dollar exchange rate to understand trade dynamics, inflationary pressures, and the global positioning of the US economy.
Q: Are there update delays or limitations?
A: This data is published quarterly by the Federal Reserve, with a typical update delay of 2-3 months.
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Citation
U.S. Federal Reserve, US Dollars, Exchange Rate Converted (COLXTEXVA01CXMLSAQ), retrieved from FRED.