International Merchandise Trade Statistics: Imports: Commodities for Estonia
US dollars, exchange rate converted, Quarterly, Not Seasonally Adjusted
ESTXTIMVA01CXMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,863,325,000.00
Year-over-Year Change
-9.40%
Date Range
1/1/1993 - 1/1/2025
Summary
This economic indicator tracks the US dollar exchange rate, which is a critical measure of the currency's relative value and the nation's international economic 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 US dollar exchange rate is the price of the US dollar in terms of other major world currencies. This metric is used by economists, policymakers, and market analysts to assess the country's trade position, import/export dynamics, and overall economic health.
Methodology
The data is collected and calculated by the US Federal Reserve based on foreign exchange market transactions.
Historical Context
The dollar exchange rate is a key input for a wide range of economic and policy decisions.
Key Facts
- The US dollar is the world's primary reserve currency.
- A strong dollar can hinder US exports and increase imports.
- The exchange rate is influenced by interest rates, inflation, and economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the US dollar exchange rate, which is the value of the US dollar relative to other major world currencies.
Q: Why is this trend relevant for users or analysts?
A: The dollar exchange rate is a critical measure of the US currency's relative strength and international economic competitiveness, with broad implications for trade, investments, and policymaking.
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 transactions.
Q: How is this trend used in economic policy?
A: The dollar exchange rate is a key input for a wide range of economic and policy decisions, including trade negotiations, monetary policy, and assessments of the nation's overall economic health and competitiveness.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with no significant update delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Not Seasonally Adjusted (ESTXTIMVA01CXMLQ), retrieved from FRED.