International Merchandise Trade Statistics: Imports: Commodities for India
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTIMVA01INA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
715,385,100,000.00
Year-over-Year Change
46.44%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate for the U.S. dollar against a broad basket of currencies. It is a key indicator of the dollar's international purchasing power 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 U.S. dollar exchange rate converted index tracks the value of the U.S. dollar relative to the currencies of major U.S. trading partners. This broad measure is used by economists and policymakers to assess the dollar's strength and its impact on trade, investment, and the overall health of the economy.
Methodology
The data is calculated by the U.S. Federal Reserve based on exchange rates against a broad index of foreign currencies.
Historical Context
The dollar exchange rate is closely monitored by the Federal Reserve, Congress, and global markets as it influences inflation, exports, imports, and the overall competitiveness of the U.S. economy.
Key Facts
- The U.S. dollar exchange rate index has risen over 30% since 2014.
- A stronger dollar makes U.S. exports more expensive for foreign buyers.
- The exchange rate index is calculated based on a trade-weighted basket of major currencies.
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. It tracks the dollar's international purchasing power and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a critical indicator for economists, policymakers, and global markets as it influences trade, investment, inflation, and the overall competitiveness 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 broad index of foreign currencies.
Q: How is this trend used in economic policy?
A: The dollar exchange rate is closely monitored by the Federal Reserve, Congress, and global markets as it informs decisions on trade, monetary policy, and overall economic strategy.
Q: Are there update delays or limitations?
A: The annual, seasonally adjusted exchange rate data is published by the Federal Reserve with minimal delays, providing timely insights into the dollar's international standing.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTIMVA01INA667S), retrieved from FRED.