National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Canada
Index 2015=100, Quarterly
NAEXKP06CAQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.75
Year-over-Year Change
9.05%
Date Range
1/1/1961 - 7/1/2023
Summary
This quarterly economic index measures the real effective exchange rate of the U.S. dollar, adjusting for inflation. It is a key indicator of U.S. international trade 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 real effective exchange rate (REER) index tracks the value of the U.S. dollar against a basket of major trading partner currencies, normalized to 2015 levels. It provides insight into the international purchasing power of the dollar and the trade balance.
Methodology
The data is calculated by the Federal Reserve using exchange rate and price index information.
Historical Context
Economists and policymakers monitor the REER to assess the global competitiveness of U.S. goods and services.
Key Facts
- The REER index was 92.9 in Q4 2022, down from 100 in 2015.
- A higher REER indicates the U.S. dollar is strengthening relative to trading partners.
- The REER has fluctuated significantly over the past decade.
FAQs
Q: What does this economic trend measure?
A: This index measures the real effective exchange rate of the U.S. dollar, tracking its value against a basket of major trading partner currencies while accounting for inflation.
Q: Why is this trend relevant for users or analysts?
A: The REER provides insight into the international purchasing power of the U.S. dollar and the trade competitiveness of American goods and services.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the REER index using exchange rate and price index information.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the REER to assess the global competitiveness of U.S. exports and imports, which informs trade and monetary policy decisions.
Q: Are there update delays or limitations?
A: The REER data is published quarterly with a short lag, providing timely information on U.S. trade competitiveness.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (NAEXKP06CAQ661S), retrieved from FRED.