International Merchandise Trade Statistics: Imports: Commodities for Colombia
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
COLXTIMVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,135,300,000.00
Year-over-Year Change
10.84%
Date Range
1/1/1990 - 5/1/2025
Summary
This economic trend measures the monthly exchange rate of the U.S. dollar against a broad basket of foreign currencies, providing insight into the dollar's international value and 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 U.S. dollar exchange rate converted index tracks the strength of the U.S. dollar relative to a weighted average of the currencies of major U.S. trading partners. This measure is used by economists and policymakers to assess the dollar's global purchasing power and impact on trade and financial markets.
Methodology
The data is calculated by the Federal Reserve based on exchange rates from global currency markets.
Historical Context
The U.S. dollar exchange rate is a key indicator monitored by the Federal Reserve, financial analysts, and international institutions for its influence on the U.S. economy and global trade.
Key Facts
- The U.S. dollar exchange rate has a significant impact on the prices of imported and exported goods.
- A stronger dollar makes U.S. exports more expensive for foreign buyers and imports cheaper for American consumers.
- The exchange rate is influenced by factors like interest rates, inflation, and the overall health of the U.S. economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate of the U.S. dollar against a broad basket of foreign currencies, providing insight into the dollar's international value and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a key indicator monitored by economists, policymakers, and financial analysts for its influence on the U.S. economy, international trade, and global financial markets.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates from global currency markets.
Q: How is this trend used in economic policy?
A: The U.S. dollar exchange rate is closely watched by the Federal Reserve and other institutions to assess the dollar's global purchasing power and its impact on trade, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The U.S. dollar exchange rate data is published monthly with no significant update delays, providing timely information on the dollar's performance.
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Citation
U.S. Federal Reserve, U.S. dollars, exchange rate converted, Monthly, Not Seasonally Adjusted (COLXTIMVA01CXMLM), retrieved from FRED.