International Merchandise Trade Statistics: Imports: Commodities for Russia
US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted
XTIMVA01RUM667N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,578,000,000.00
Year-over-Year Change
-1.33%
Date Range
1/1/1991 - 6/1/2025
Summary
This economic trend measures the US dollar exchange rate converted to national currency units on a monthly basis, without seasonal adjustment. It provides important insights into the relative strength and purchasing power of the US dollar in global markets.
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 against a basket of foreign currencies, expressed in units of foreign currency per US dollar. This metric is widely used by economists, policymakers, and investors to analyze trade dynamics, import/export activity, and the international purchasing power of the US currency.
Methodology
The data is collected and calculated by the US Federal Reserve based on foreign exchange market quotations.
Historical Context
The exchange rate trend is closely monitored for its implications on trade, inflation, and the competitiveness of US goods and services in global markets.
Key Facts
- The US dollar is the world's dominant reserve currency.
- Exchange rates fluctuate daily based on global supply and demand.
- A stronger US dollar makes US exports less competitive globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the US dollar exchange rate converted to units of foreign currency on a monthly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a crucial economic indicator that provides insights into trade dynamics, import/export activity, and the international purchasing power of the US currency.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: The exchange rate trend is closely monitored by policymakers, economists, and investors for its implications on trade, inflation, and the competitiveness of US goods and services in global markets.
Q: Are there update delays or limitations?
A: The data is published monthly with no known update delays or limitations.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Not Seasonally Adjusted (XTIMVA01RUM667N), retrieved from FRED.