International Merchandise Trade Statistics: Exports: Commodities for Canada
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTEXVA01CAA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
569,676,100,000.00
Year-over-Year Change
25.05%
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 a comprehensive gauge of the dollar's international value 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 exchange rate converted annual series tracks the U.S. dollar's fluctuations versus a trade-weighted index of major currencies. This broad-based metric is used by economists and policymakers to assess the dollar's overall strength and potential impacts on trade, investment, and inflation.
Methodology
The data is calculated based on exchange rates for the U.S. dollar against other leading global currencies.
Historical Context
The dollar exchange rate is a key economic indicator monitored by the Federal Reserve, Treasury, and financial markets.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- The exchange rate index tracks the dollar against a basket of 26 currencies.
- Fluctuations in the dollar's value can impact imports, exports, and inflation.
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 dollar's exchange rate is a key indicator of the currency's international value and competitiveness, with implications for trade, investment, and inflation.
Q: How is this data collected or calculated?
A: The data is calculated based on exchange rates for the U.S. dollar against other leading global currencies.
Q: How is this trend used in economic policy?
A: The dollar exchange rate is closely monitored by the Federal Reserve, Treasury, and financial markets as a gauge of the currency's strength and potential economic impacts.
Q: Are there update delays or limitations?
A: The data is reported annually and on a seasonally adjusted basis to account for periodic fluctuations.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTEXVA01CAA667S), retrieved from FRED.