International Merchandise Trade Statistics: Trade Balance: Commodities for Sweden
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
SWEXTNTVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,391,494,000.00
Year-over-Year Change
91.89%
Date Range
1/1/1957 - 6/1/2025
Summary
This economic trend measures the US dollar exchange rate, specifically the value of the US dollar against a broad basket of foreign currencies on a monthly basis. It provides important insights into the global competitiveness of the US economy.
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 trend represents the nominal broad US dollar index, which tracks the value of the US dollar relative to the currencies of a large group of major US trading partners. This index is a key indicator of the dollar's strength and can influence trade, investment, and economic policymaking.
Methodology
The data is collected and calculated by the US Federal Reserve.
Historical Context
The exchange rate trend is closely monitored by policymakers, investors, and businesses to assess the US economy's global competitiveness.
Key Facts
- The US dollar index reached a 20-year high in 2022.
- A stronger US dollar can make US exports less competitive globally.
- Exchange rate movements impact the prices of imported and exported goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the US dollar relative to a broad basket of foreign currencies on a monthly basis, providing insights into the US dollar's global competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a critical indicator for businesses, investors, and policymakers, as it can influence trade, investment, and economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the US dollar exchange rate to assess the global competitiveness of the US economy and inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The US dollar exchange rate data is published monthly by the Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted (SWEXTNTVA01CXMLM), retrieved from FRED.