International Merchandise Trade Statistics: Trade Balance: Commodities for Estonia
US dollars, exchange rate converted, Monthly, Seasonally Adjusted
XTNTVA01EEM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-313,964,200.00
Year-over-Year Change
38.87%
Date Range
1/1/1993 - 5/1/2025
Summary
This economic trend measures the monthly exchange rate of the U.S. dollar, providing insight into the international value of the currency and its impact on trade, investment, and macroeconomic conditions.
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 metric used by economists, policymakers, and market participants to analyze the relative strength of the American currency and its influence on the global economy. This seasonally adjusted data series tracks the monthly fluctuations in the dollar's value.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
The dollar exchange rate is closely monitored for its implications on U.S. exports, imports, inflation, and monetary policy decisions.
Key Facts
- The U.S. dollar is the world's primary reserve currency.
- A strong dollar can make U.S. exports less competitive globally.
- Exchange rate fluctuations affect cross-border trade and investment flows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate of the U.S. dollar, which reflects the currency's value relative to other major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The dollar exchange rate is a critical indicator for understanding the international competitiveness of U.S. goods and services, as well as the broader implications for trade, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor the dollar exchange rate to assess its impact on the U.S. economy, including its effects on exports, imports, inflation, and the Federal Reserve's monetary policy decisions.
Q: Are there update delays or limitations?
A: The dollar exchange rate data is published monthly with minimal delay, providing timely information for economic analysis and decision-making.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Monthly, Seasonally Adjusted (XTNTVA01EEM667S), retrieved from FRED.