Balance of Payments: Goods: Expenditure for Hungary
US dollars, exchange rate converted, Not Seasonally Adjusted
HUNB6DBTD01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,528,310,000.00
Year-over-Year Change
-4.22%
Date Range
1/1/1995 - 10/1/2024
Summary
This economic trend measures the US dollar exchange rate against a trade-weighted basket of foreign currencies. It is a key indicator of the dollar's relative strength and international purchasing power.
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, Not Seasonally Adjusted metric tracks the value of the US dollar compared to a weighted average of other major global currencies. This provides insight into the dollar's performance and can influence trade, investments, and economic policy decisions.
Methodology
The data is calculated based on exchange rates reported by the Federal Reserve.
Historical Context
Policymakers and analysts monitor this trend to assess the dollar's international competitiveness and implications for the US economy.
Key Facts
- The US dollar has appreciated over 25% against major currencies since 2014.
- A stronger dollar can make US exports less competitive globally.
- The US dollar is the world's primary reserve currency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the US dollar's exchange rate against a weighted basket of foreign currencies, providing insight into the dollar's relative strength and international purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a critical economic indicator that can impact trade, investments, and policy decisions, so monitoring this trend is important for economists, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on reported exchange rates for the US dollar against other major global currencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the US dollar exchange rate to assess the dollar's international competitiveness and implications for the US economy, which can inform trade, monetary, and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The US dollars, exchange rate converted data is released regularly by the Federal Reserve with minimal delays, providing timely insight into the dollar's performance.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (HUNB6DBTD01CXCUQ), retrieved from FRED.