International Merchandise Trade Statistics: Imports: Commodities for Estonia
US dollars, exchange rate converted, Seasonally Adjusted
XTIMVA01EEQ667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,073,132,000.00
Year-over-Year Change
-8.25%
Date Range
1/1/1993 - 1/1/2025
Summary
This economic indicator tracks the U.S. dollar's exchange rate against a trade-weighted basket of foreign currencies, adjusted for seasonal variations.
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 measure of the dollar's strength and purchasing power in global markets. Economists and policymakers closely monitor this trend to assess trade competitiveness and potential inflationary pressures.
Methodology
The data is calculated by the Federal Reserve based on exchange rates against a broad index of major trading partners.
Historical Context
The exchange rate is a crucial input for monetary and trade policy decisions.
Key Facts
- The index is based on exchange rates against 26 major trading partners.
- The exchange rate is a key indicator of the dollar's global purchasing power.
- Fluctuations in the exchange rate can impact import/export volumes and consumer prices.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the U.S. dollar's exchange rate against a broad basket of foreign currencies, adjusting for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a critical indicator of the dollar's strength and competitiveness, with significant implications for trade, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on exchange rates against 26 major U.S. trading partners.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the exchange rate to assess trade dynamics, inflationary pressures, and the appropriate stance of monetary policy.
Q: Are there update delays or limitations?
A: The exchange rate data is published regularly by the Federal Reserve with minimal delays, providing timely insight into currency market conditions.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Seasonally Adjusted (XTIMVA01EEQ667S), retrieved from FRED.