International Merchandise Trade Statistics: Trade Balance: Commodities for Saudi Arabia
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
SAUXTNTVA01CXMLSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,804,650,000.00
Year-over-Year Change
-71.47%
Date Range
1/1/1991 - 1/1/2025
Summary
This economic indicator measures the quarterly, seasonally adjusted exchange rate for the U.S. dollar against a broad basket of other currencies. It provides insight into the dollar's international valuation and 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 U.S. dollar exchange rate is a critical measure of the currency's strength relative to other major global currencies. This broad, trade-weighted index tracks the dollar's performance across a diversified set of trading partners, offering a comprehensive view of the dollar's overall international standing.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on exchange rate quotes from global foreign exchange markets.
Historical Context
Policymakers and analysts closely monitor the dollar exchange rate to assess its impact on trade, inflation, and broader economic conditions.
Key Facts
- The index is benchmarked to 100 for March 1973.
- The dollar reached its highest level in the past 20 years in 2022.
- A stronger dollar can negatively impact U.S. exporters and manufacturers.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of the U.S. dollar against a broad basket of foreign currencies, providing a comprehensive measure of the dollar's exchange rate performance.
Q: Why is this trend relevant for users or analysts?
A: The dollar exchange rate is a crucial barometer of the currency's strength and competitiveness, with significant implications for trade, inflation, and overall economic conditions.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this data based on exchange rate quotes from global foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the dollar exchange rate to assess its impact on the broader economy, informing decisions on trade, monetary policy, and other economic interventions.
Q: Are there update delays or limitations?
A: This data is released quarterly by the Federal Reserve, with a potential delay of several weeks between the reference period and publication.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (SAUXTNTVA01CXMLSAQ), retrieved from FRED.