International Merchandise Trade Statistics: Trade Balance: Commodities for Czechia
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTNTVA01CZA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,381,610,000.00
Year-over-Year Change
89.04%
Date Range
1/1/1991 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate for the US dollar against other major currencies. It is an important indicator of the dollar's strength and global economic 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 US dollars, exchange rate converted metric reflects the annual, seasonally adjusted exchange rate of the US dollar against a broad basket of major trading partner currencies. This trend provides insight into the relative purchasing power and global economic position of the US dollar.
Methodology
The data is calculated based on exchange rate information collected by the US Federal Reserve.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the US dollar's performance and potential impacts on trade, inflation, and economic growth.
Key Facts
- The US dollar exchange rate has declined by over 10% since 2020.
- A stronger US dollar can make American exports less competitive globally.
- Currency exchange rates are a key input for multinational corporations and international investors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate for the US dollar against a broad basket of major trading partner currencies.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a critical indicator of the dollar's global purchasing power and competitiveness, which impacts trade, inflation, and economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the US Federal Reserve based on exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to assess the US dollar's performance and potential impacts on the broader economy.
Q: Are there update delays or limitations?
A: The data is released annually with a seasonal adjustment, so there may be some delay in reflecting the most recent exchange rate movements.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTNTVA01CZA667S), retrieved from FRED.