Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for Hungary
US dollars, exchange rate converted
HUNB6FAOI01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3,486,475,000.00
Year-over-Year Change
778.20%
Date Range
1/1/1995 - 10/1/2024
Summary
The US dollars, exchange rate converted trend measures the value of the US dollar relative to a basket of foreign currencies. This data point is crucial for understanding the international purchasing power of the US currency.
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 series tracks the nominal exchange rate of the US dollar against a weighted average of other major currencies. This index is commonly used to assess the competitiveness of US exports and imports, as well as the overall strength of the US economy in global markets.
Methodology
The Federal Reserve calculates this index based on exchange rates between the US dollar and the currencies of major US trading partners.
Historical Context
Policymakers and analysts closely monitor this exchange rate trend to gauge the US economy's performance and international trade dynamics.
Key Facts
- The US dollar, exchange rate converted index has a base year of 2006.
- This index includes the currencies of over 25 major US trading partners.
- The US dollar index reached an all-time high in March 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The US dollars, exchange rate converted series tracks the nominal exchange rate of the US dollar against a weighted basket of major foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding the international purchasing power of the US dollar and assessing the competitiveness of US exports and imports.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on exchange rates between the US dollar and the currencies of major US trading partners.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this exchange rate trend to gauge the US economy's performance and international trade dynamics.
Q: Are there update delays or limitations?
A: The US dollars, exchange rate converted index is updated regularly by the Federal Reserve and is a widely-used benchmark for the strength of the US dollar.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (HUNB6FAOI01CXCUQ), retrieved from FRED.