Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Denmark
US dollars, exchange rate converted
DNKB6CATT00CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,507,184,000.00
Year-over-Year Change
6817.41%
Date Range
1/1/2005 - 10/1/2023
Summary
The 'US dollars, exchange rate converted' trend measures the US dollar's exchange rate against other major currencies. This metric is critical for assessing US trade competitiveness and the value of the dollar 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
This series tracks the US dollar's foreign exchange value, which is a key indicator of a country's trade position and economic strength. It's used by policymakers, analysts, and businesses to evaluate the dollar's purchasing power and competitiveness in international markets.
Methodology
The data is calculated by the Federal Reserve using a geometric-weighted average of the foreign exchange values of the US dollar against the currencies of a broad set of major US trading partners.
Historical Context
The US dollar exchange rate is closely monitored by the Federal Reserve and other institutions to gauge the overall performance of the US economy.
Key Facts
- The US dollar is the world's leading reserve currency.
- The dollar exchange rate can impact US import/export levels.
- A stronger dollar makes US goods more expensive overseas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the US dollar's exchange rate against a broad basket of major foreign currencies. It provides an overall gauge of the dollar's purchasing power and trade competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial economic indicator used by policymakers, businesses, and analysts to assess the strength of the US economy and its trade position globally.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this series using a geometric-weighted average of the US dollar's foreign exchange values against the currencies of major US trading partners.
Q: How is this trend used in economic policy?
A: The US dollar exchange rate is closely monitored by the Federal Reserve and other institutions to gauge overall US economic performance and inform monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: This data series is published by the Federal Reserve and updated regularly without significant delays, providing a timely indicator of the dollar's exchange rate.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (DNKB6CATT00CXCUQ), retrieved from FRED.