International Merchandise Trade Statistics: Exports: Commodities for Estonia
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
ESTXTEXVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,775,557,000.00
Year-over-Year Change
6.31%
Date Range
1/1/1993 - 5/1/2025
Summary
This economic indicator tracks the U.S. dollar's exchange rate against a broad basket of foreign currencies on a monthly basis. It provides important insights into the dollar's global 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 is a crucial measure of the dollar's strength relative to other major currencies. This data series represents the trade-weighted U.S. dollar index, which reflects the dollar's performance across a diversified group of trading partners.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
The exchange rate is closely monitored by policymakers, businesses, and financial markets.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- The exchange rate impacts the cost of imports and exports.
- A strong dollar can make U.S. exports less competitive.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of the U.S. dollar against a basket of major foreign currencies on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a key indicator of the dollar's global competitiveness and a major factor influencing international trade and investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and financial markets closely monitor the exchange rate to assess the dollar's strength and its implications for the U.S. economy.
Q: Are there update delays or limitations?
A: The data is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted (ESTXTEXVA01CXMLM), retrieved from FRED.