Balance of Payments: Goods: Expenditure for Sweden
US dollars, exchange rate converted, Seasonally Adjusted
SWEB6DBTD01CXCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,918,470,000.00
Year-over-Year Change
-6.50%
Date Range
1/1/1982 - 10/1/2024
Summary
This economic trend measures the U.S. dollar exchange rate, which is a key indicator of the dollar's strength and global 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 reflects the value of the dollar relative to other major currencies. It is closely watched by economists, policymakers, and investors to assess the country's trade position, inflation risks, and overall economic health.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
The U.S. dollar exchange rate is a crucial input for analysis of monetary policy, trade dynamics, and capital flows.
Key Facts
- The U.S. dollar is the world's dominant reserve currency.
- A stronger dollar makes U.S. exports more expensive abroad.
- Exchange rate fluctuations impact inflation, consumer prices, and asset values.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate of the U.S. dollar against a basket of major foreign currencies, providing an indicator of the dollar's strength in global markets.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a crucial indicator for evaluating the country's trade position, inflation risks, and overall economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The U.S. dollar exchange rate is a key input for monetary policy decisions, trade negotiations, and analysis of capital flows and international competitiveness.
Q: Are there update delays or limitations?
A: The U.S. dollar exchange rate data is published regularly by the Federal Reserve with minimal delays, providing timely information for economic analysis and decision-making.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Seasonally Adjusted (SWEB6DBTD01CXCUSAQ), retrieved from FRED.