Balance of Payments: Total Net Current Account for Solomon Islands
U.S. Dollars
SLBBCABP6USD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-136,563,103.30
Year-over-Year Change
180.06%
Date Range
1/1/2016 - 1/1/2024
Summary
The U.S. Dollars trend measures the value of the U.S. dollar relative to a basket of other major currencies. It is a key indicator of the dollar's strength and international purchasing power.
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. Dollars index tracks the performance of the U.S. dollar against a weighted average of the currencies of major U.S. trading partners. It is widely used by economists, analysts, and policymakers to assess the dollar's global competitiveness and potential impacts on trade, inflation, and financial markets.
Methodology
The data is calculated by the Federal Reserve based on exchange rates in the foreign exchange market.
Historical Context
The U.S. Dollars index is a critical input for monetary policy decisions and is closely monitored by the Federal Reserve, international organizations, and global investors.
Key Facts
- The U.S. Dollars index has a base value of 100 set in 1973.
- The index reached an all-time high of 163.03 in March 2020 during the COVID-19 pandemic.
- A rising U.S. Dollars index indicates a stronger dollar, while a falling index signals a weaker dollar.
FAQs
Q: What does this economic trend measure?
A: The U.S. Dollars index measures the value of the U.S. dollar relative to a basket of other major currencies, providing a gauge of the dollar's strength in global markets.
Q: Why is this trend relevant for users or analysts?
A: The U.S. Dollars index is a crucial indicator for economists, policymakers, and investors, as it reflects the dollar's purchasing power, competitiveness, and potential impacts on trade, inflation, and financial markets.
Q: How is this data collected or calculated?
A: The U.S. Dollars index is calculated by the Federal Reserve based on exchange rates in the foreign exchange market.
Q: How is this trend used in economic policy?
A: The U.S. Dollars index is a key input for monetary policy decisions made by the Federal Reserve and is closely monitored by policymakers, international organizations, and global investors.
Q: Are there update delays or limitations?
A: The U.S. Dollars index is updated and published daily by the Federal Reserve, with no significant delays or limitations.
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Citation
U.S. Federal Reserve, U.S. Dollars (SLBBCABP6USD), retrieved from FRED.