Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Estonia
US dollars, exchange rate converted
ESTB6FATT01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205,072,000.00
Year-over-Year Change
-93.19%
Date Range
1/1/1993 - 10/1/2024
Summary
The US dollars, exchange rate converted trend measures the value of the US dollar compared to a trade-weighted basket of foreign currencies. This metric is vital for analyzing the international competitiveness of US exports and imports.
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 exchange rate index reflects the external value of the US dollar against the currencies of major US trading partners. Economists and policymakers use this data to assess the dollar's strength and its impact on trade, inflation, and the broader economy.
Methodology
The Federal Reserve calculates this index using currencies of major US trading partners, weighted by their share of US merchandise trade.
Historical Context
Central banks and trade organizations closely monitor this exchange rate trend to evaluate the US dollar's global purchasing power and international trade dynamics.
Key Facts
- The exchange rate index has a base year of 2006.
- The US dollar index reached an all-time high in March 2020.
- A stronger dollar makes US exports more expensive for foreign buyers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the US dollar compared to a trade-weighted basket of foreign currencies, reflecting the dollar's purchasing power in international markets.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial indicator of the country's international competitiveness, influencing trade flows, inflation, and the broader economic environment.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index using the currencies of major US trading partners, weighted by their share of US merchandise trade.
Q: How is this trend used in economic policy?
A: Central banks and trade organizations monitor this exchange rate trend to evaluate the US dollar's global purchasing power and its impact on international trade dynamics.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this exchange rate index on a regular basis, with no significant delays in data availability.
Related Trends
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DDDI06EEA156NWDB
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NCGGRSAXDCESQ
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ESTCPHPEN01GPM
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CPGRLE01EEQ657N
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NYGDPPCAPKDEST
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LRHU24MAEEM156S
Citation
U.S. Federal Reserve, US dollars, exchange rate converted (ESTB6FATT01CXCUQ), retrieved from FRED.