International Merchandise Trade Statistics: Exports: Commodities for Portugal
US dollars, exchange rate converted, Quarterly, Seasonally Adjusted
XTEXVA01PTQ667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,832,630,000.00
Year-over-Year Change
9.06%
Date Range
1/1/1957 - 1/1/2025
Summary
This economic trend measures the US dollar exchange rate, which is a crucial indicator of a country's international competitiveness and the strength of its currency.
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 data series tracks the value of the US dollar relative to a trade-weighted basket of major foreign currencies on a quarterly basis. This metric is widely used by economists, policymakers, and financial analysts to assess the US's economic standing and the impact of exchange rate fluctuations.
Methodology
The data is calculated by the Federal Reserve based on exchange rates against other major currencies.
Historical Context
Movements in the US dollar exchange rate can significantly influence trade balances, inflation, and the cost of imports and exports.
Key Facts
- The US dollar is the world's dominant reserve currency.
- A stronger dollar makes US exports less competitive abroad.
- Exchange rate fluctuations impact the cost of imports and exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the US dollar relative to a trade-weighted basket of major foreign currencies on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial indicator of the US's international economic competitiveness and the strength of its currency, with significant implications for trade, inflation, and policy.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates against other major currencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the US dollar exchange rate to assess the country's economic standing and the potential impacts on trade balances, inflation, and the cost of imports and exports.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with some potential for minor delays in publication.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Quarterly, Seasonally Adjusted (XTEXVA01PTQ667S), retrieved from FRED.