Balance of Payments: Services: Expenditure for India
US dollars, exchange rate converted, Not Seasonally Adjusted
INDB6DBSE01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,719,930,000.00
Year-over-Year Change
17.20%
Date Range
1/1/1990 - 1/1/2025
Summary
This economic trend measures the US dollar exchange rate, converted using a broad index, without seasonal adjustments. It provides insights into the relative strength and purchasing power of the US currency globally.
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 broad basket of foreign currencies. This data point is used by economists and policymakers to assess the international competitiveness of American goods and services.
Methodology
The data is collected and calculated by the US Federal Reserve using a trade-weighted index of foreign exchange rates.
Historical Context
Trends in this exchange rate metric can inform trade, monetary, and fiscal policy decisions.
Key Facts
- The index base year is 2006.
- The series began in January 1973.
- The index includes currencies from over 26 countries.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the value of the US dollar compared to a broad basket of foreign currencies, providing insights into the relative strength and purchasing power of the US currency globally.
Q: Why is this trend relevant for users or analysts?
A: The US dollars, exchange rate converted metric is closely monitored by economists and policymakers to assess the international competitiveness of American goods and services, which can inform trade, monetary, and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve using a trade-weighted index of foreign exchange rates.
Q: How is this trend used in economic policy?
A: Trends in this exchange rate metric can provide valuable insights to guide trade, monetary, and fiscal policy decisions by US policymakers and institutions.
Q: Are there update delays or limitations?
A: The US Federal Reserve publishes this exchange rate index data on a regular basis, with minimal update delays. However, as with any economic indicator, there may be some limitations in its ability to fully capture complex currency market dynamics.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (INDB6DBSE01CXCUQ), retrieved from FRED.