International Merchandise Trade Statistics: Imports: Commodities for Saudi Arabia
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
SAUXTIMVA01CXMLSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,722,530,000.00
Year-over-Year Change
43.08%
Date Range
1/1/1991 - 1/1/2025
Summary
This economic trend measures the exchange rate of the US dollar against a basket of major foreign currencies, adjusted for seasonal variations on a quarterly basis. It is a key indicator of the dollar's global purchasing power and a barometer for international trade and investment.
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 metric tracks the value of the US dollar relative to a weighted average of foreign currencies. It is a broad measure of the dollar's strength compared to other major global currencies, reflecting the dollar's role in international commerce and finance.
Methodology
The data is calculated by the US Federal Reserve based on exchange rates and trade volumes.
Historical Context
This exchange rate metric is closely monitored by policymakers, economists, and investors to assess the dollar's competitiveness and the potential impact on US exports, imports, and international capital flows.
Key Facts
- The US dollar is the world's most widely used currency for international transactions.
- The exchange rate impacts the relative prices of US exports and imports.
- Fluctuations in the dollar's value can affect inflation, interest rates, and asset prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate of the US dollar against a basket of major foreign currencies, adjusted for seasonal variations on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a critical indicator of the dollar's global purchasing power and competitiveness, with significant implications for international trade, investment, and US monetary policy.
Q: How is this data collected or calculated?
A: The data is calculated by the US Federal Reserve based on exchange rates and trade volumes.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this exchange rate metric to assess the dollar's competitiveness and the potential impact on US exports, imports, and international capital flows.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a slight delay, reflecting the time required to collect and process the underlying exchange rate and trade data.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (SAUXTIMVA01CXMLSAQ), retrieved from FRED.