Balance of Payments: Total Net Current Account for Sri Lanka
U.S. Dollars
LKABCABP6USD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2,613,155,902.60
Year-over-Year Change
49.94%
Date Range
1/1/2016 - 1/1/2024
Summary
The U.S. Dollar Index (USDX) is a measure of the U.S. dollar's strength against a basket of major global currencies. It is a key indicator of U.S. economic conditions and international trade dynamics.
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 USDX tracks the U.S. dollar's performance relative to the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc. It is widely used by traders, investors, and policymakers to gauge the dollar's relative value and its impact on exports, imports, and global financial markets.
Methodology
The index is calculated by the Intercontinental Exchange (ICE) based on the exchange rates of the six currencies against the U.S. dollar.
Historical Context
The USDX is a critical barometer for assessing the dollar's purchasing power, trade competitiveness, and the relative strength of the U.S. economy.
Key Facts
- The USDX was established in 1973 with a base value of 100.
- The index is weighted 57.6% Euro, 13.6% Japanese Yen, 11.9% British Pound, 9.1% Canadian Dollar, 4.2% Swedish Krona, and 3.6% Swiss Franc.
- A rising USDX indicates a stronger U.S. dollar, while a declining index signals a weaker dollar.
FAQs
Q: What does the U.S. Dollar Index (USDX) measure?
A: The USDX tracks the U.S. dollar's performance against a basket of six major global currencies, providing a broad measure of the dollar's strength or weakness.
Q: Why is the USDX relevant for users and analysts?
A: The USDX is a key indicator of the U.S. dollar's purchasing power, trade competitiveness, and the relative strength of the American economy. It is widely used by traders, investors, and policymakers to gauge the dollar's performance.
Q: How is the USDX data collected and calculated?
A: The index is calculated by the Intercontinental Exchange (ICE) based on the exchange rates of the six currencies against the U.S. dollar.
Q: How is the USDX used in economic policy and analysis?
A: The USDX is a critical barometer for assessing the dollar's impact on exports, imports, and global financial markets, which informs monetary policy decisions and investment strategies.
Q: Are there any limitations or delays in the USDX data?
A: The USDX data is published daily and generally has minimal delays, providing real-time insights into the U.S. dollar's performance.
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Citation
U.S. Federal Reserve, U.S. Dollars (LKABCABP6USD), retrieved from FRED.