Narrow Effective Exchange Rate for United States
NNUSBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.64
Year-over-Year Change
-5.01%
Date Range
1/1/1964 - 6/1/2025
Summary
The Narrow Effective Exchange Rate for the United States measures the value of the U.S. dollar relative to the currencies of major U.S. trading partners, providing insight into the competitiveness of U.S. exports and imports.
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 Narrow Effective Exchange Rate tracks changes in the value of the U.S. dollar against a basket of 26 currencies, weighted by the trade volume between the U.S. and its major trading partners. This metric is used by economists and policymakers to assess the international purchasing power of the dollar and its impact on the U.S. trade balance.
Methodology
The Federal Reserve calculates this index based on exchange rates and trade data from the U.S. Bureau of Economic Analysis.
Historical Context
Movements in the Narrow Effective Exchange Rate are closely monitored by the Federal Reserve and other economic institutions for their implications on U.S. trade, inflation, and monetary policy.
Key Facts
- The Narrow Effective Exchange Rate includes 26 major U.S. trading partner currencies.
- The index is based on both nominal and real exchange rates.
- An increase in the index indicates a stronger U.S. dollar relative to its trading partners.
FAQs
Q: What does this economic trend measure?
A: The Narrow Effective Exchange Rate measures the value of the U.S. dollar relative to the currencies of major U.S. trading partners.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess the international purchasing power of the dollar and its impact on the U.S. trade balance.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on exchange rates and trade data from the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Movements in the Narrow Effective Exchange Rate are closely monitored by the Federal Reserve and other economic institutions for their implications on U.S. trade, inflation, and monetary policy.
Q: Are there update delays or limitations?
A: The Narrow Effective Exchange Rate is updated regularly by the Federal Reserve, with minimal delays.
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Citation
U.S. Federal Reserve, Narrow Effective Exchange Rate for United States (NNUSBIS), retrieved from FRED.