International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia
US dollars, exchange rate converted, Quarterly, Not Seasonally Adjusted
SAUXTIMVA01CXMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,346,760,000.00
Year-over-Year Change
43.39%
Date Range
1/1/2005 - 1/1/2025
Summary
This economic trend measures the US dollar exchange rate converted to a quarterly, non-seasonally adjusted value. It provides insight into the strength and 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 data series tracks the US dollar's value relative to a broad basket of foreign currencies on a quarterly basis. This metric is closely watched by economists, policymakers, and market analysts to assess the dollar's global competitiveness and implications for trade, investment, and inflation.
Methodology
The data is calculated by the US Federal Reserve using a weighted average of exchange rates for the US dollar against the currencies of major US trading partners.
Historical Context
Movements in the US dollar exchange rate have significant impacts on the prices of imported and exported goods, as well as international capital flows.
Key Facts
- The US dollar is the world's primary reserve currency.
- A stronger dollar makes US exports more expensive globally.
- Fluctuations in the dollar's value impact inflation and interest rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the US dollar exchange rate on a quarterly, non-seasonally adjusted basis. It tracks the dollar's value relative to a basket of major foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial indicator of the dollar's global purchasing power and competitiveness, with significant implications for international trade, capital flows, and domestic inflation.
Q: How is this data collected or calculated?
A: The data is calculated by the US Federal Reserve using a weighted average of exchange rates for the US dollar against the currencies of major US trading partners.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the US dollar exchange rate to assess its impact on trade, inflation, and the broader economy, informing decisions on monetary policy and exchange rate management.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Federal Reserve with a short lag, providing a timely reflection of the dollar's exchange rate performance.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Not Seasonally Adjusted (SAUXTIMVA01CXMLQ), retrieved from FRED.