International Merchandise Trade Statistics: Imports: Commodities for Estonia
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTIMVA01EEA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,311,920,000.00
Year-over-Year Change
23.97%
Date Range
1/1/1993 - 1/1/2024
Summary
This trend measures the annual, seasonally adjusted exchange rate of the U.S. dollar against a weighted average of foreign currencies. It provides insight into the value of the U.S. dollar relative to other major global currencies.
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 purchasing power of the U.S. currency. It is widely used by policymakers, analysts, and businesses to assess the competitiveness of U.S. exports and imports, as well as the overall health of the U.S. economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates against a basket of major foreign currencies.
Historical Context
Movements in the U.S. dollar exchange rate have important implications for trade, inflation, and monetary policy.
Key Facts
- The U.S. dollar exchange rate has a significant impact on the price of U.S. exports and imports.
- A stronger U.S. dollar can make U.S. goods and services more expensive for foreign buyers, potentially reducing exports.
- Fluctuations in the U.S. dollar exchange rate can affect inflation, as changes in import prices are passed on to consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate of the U.S. dollar against a weighted average of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a crucial indicator for assessing the competitiveness of U.S. exports and imports, as well as the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on exchange rates against a basket of major foreign currencies.
Q: How is this trend used in economic policy?
A: Movements in the U.S. dollar exchange rate have important implications for trade, inflation, and monetary policy, and are closely monitored by policymakers, analysts, and businesses.
Q: Are there update delays or limitations?
A: The U.S. dollar exchange rate data is published annually and is subject to seasonal adjustments, which may result in minor delays or limitations in real-time analysis.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTIMVA01EEA667S), retrieved from FRED.