International Merchandise Trade Statistics: Exports: Commodities for Austria
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTEXVA01ATA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212,681,400,000.00
Year-over-Year Change
27.36%
Date Range
1/1/1957 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate for the U.S. dollar against a broad basket of foreign currencies. It provides insights into the dollar's purchasing power and competitiveness in global trade and financial markets.
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 key economic indicator that reflects the strength and stability of the American currency. It is used by policymakers, businesses, and investors to assess the country's trade position, import/export dynamics, and the potential impact on domestic inflation and consumer purchasing power.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on a trade-weighted index of foreign exchange rates.
Historical Context
The dollar exchange rate trend is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions and economic forecasting.
Key Facts
- The U.S. dollar index has fluctuated between 90 and 120 over the past decade.
- A stronger dollar can make U.S. exports less competitive and imports more affordable.
- The dollar's exchange rate is influenced by interest rates, inflation, and geopolitical factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate for the U.S. dollar against a broad basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a key indicator of the dollar's purchasing power and competitiveness in global trade and financial markets, with implications for businesses, consumers, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on a trade-weighted index of foreign exchange rates.
Q: How is this trend used in economic policy?
A: The dollar exchange rate trend is closely monitored by the Federal Reserve and other institutions to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted exchange rate data is published by the Federal Reserve with a typical release schedule and may be subject to revisions.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTEXVA01ATA667S), retrieved from FRED.