Balance of Payments: Goods: Expenditure for Czechia
US dollars, exchange rate converted, Not Seasonally Adjusted
CZEB6DBTD01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,214,820,000.00
Year-over-Year Change
1.95%
Date Range
1/1/1993 - 10/1/2024
Summary
This economic trend measures the exchange rate of the US dollar against a broad basket of currencies. It provides insight into the relative strength and purchasing power of the US currency globally.
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 series represents the value of the US dollar compared to a weighted index of major foreign currencies. This metric is closely watched by economists, policymakers, and market participants to assess the international standing of the US currency.
Methodology
The data is calculated by the Federal Reserve based on exchange rates against a broad basket of foreign currencies.
Historical Context
The exchange rate trend is a key indicator for analyzing US trade competitiveness, inflation dynamics, and the impact of monetary policy.
Key Facts
- The index is weighted by trade volume, with the Euro, Chinese Yuan, and Japanese Yen being the largest components.
- The US dollar index has ranged from around 80 to 120 over the past 20 years.
- Movements in the exchange rate trend can significantly impact US import/export activity and corporate profits.
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 foreign currencies. It provides an overall gauge of the dollar's purchasing power and international standing.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial economic indicator, as it impacts trade competitiveness, import/export activity, corporate profits, and the effectiveness of monetary policy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on exchange rates against a weighted basket of major foreign currencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the US dollar exchange rate trend to assess the impact on trade, inflation, and the effectiveness of monetary policy actions.
Q: Are there update delays or limitations?
A: The US dollar exchange rate index is updated regularly by the Federal Reserve with minimal delay, providing timely data for economic analysis and policymaking.
Related Trends
Consumer Price Index: Transport (COICOP 07): Fuels and Lubricants for Personal Transport Equipment: Total for Czech Republic
CZECP070200GPM
Production: Manufacturing: Total Manufacturing for Czech Republic
CZEPRMNTO01IXEBQ
Harmonized Index of Consumer Prices: Miscellaneous Goods and Services for Czech Republic
CP1200CZM086NEST
Population ages 65 and above for the Czech Republic
SPPOP65UPTOZSCZE
Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Czechia
CZEB6CATT00CXCUQ
Population (LFS Basis): All Ages: All Persons for Czech Republic
LFPOTTTTCZQ647N
Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (CZEB6DBTD01CXCUQ), retrieved from FRED.