International Merchandise Trade Statistics: Exports: Commodities for Costa Rica
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
CRIXTEXVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,217,099,000.00
Year-over-Year Change
11.93%
Date Range
1/1/1995 - 5/1/2025
Summary
This economic trend measures the monthly exchange rate of the US dollar against a broad basket of foreign currencies, providing insight into the relative strength and purchasing power 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 metric tracks the nominal value of the US dollar in relation to a weighted average of the currencies of the United States' major trading partners. This key indicator is widely used by economists, policymakers, and market analysts to assess the competitiveness of US exports and imports.
Methodology
The data is collected and calculated by the US Federal Reserve based on foreign exchange market rates.
Historical Context
The exchange rate trend is a crucial input for evaluating the impact of trade and monetary policies.
Key Facts
- The US dollar exchange rate is a weighted average of currencies from major US trading partners.
- A stronger US dollar makes US exports more expensive and imports cheaper.
- The Federal Reserve monitors exchange rate trends to assess economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly nominal exchange rate of the US dollar against a broad basket of foreign currencies, providing insight into the relative strength and purchasing power of the US currency.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a key indicator used by economists, policymakers, and market analysts to assess the competitiveness of US exports and imports, as well as the impact of trade and monetary policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on foreign exchange market rates.
Q: How is this trend used in economic policy?
A: The exchange rate trend is a crucial input for evaluating the impact of trade and monetary policies, as it reflects the relative strength and purchasing power of the US dollar in global markets.
Q: Are there update delays or limitations?
A: The US dollars, exchange rate converted data is published monthly by the Federal Reserve, with no known update delays or significant limitations.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted (CRIXTEXVA01CXMLM), retrieved from FRED.