International Merchandise Trade Statistics: Trade Balance: Commodities for Portugal
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTNTVA01PTA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-30,375,060,000.00
Year-over-Year Change
113.64%
Date Range
1/1/1957 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted exchange rate of the US dollar converted to a foreign currency. It is a key indicator of the dollar's global purchasing power and the competitiveness of US exports.
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 dollar exchange rate converted to a foreign currency is a widely tracked economic metric that reflects the relative strength and international purchasing power of the US dollar. Analysts and policymakers closely monitor this data to understand trade dynamics, inflation pressures, and the overall health of the US economy.
Methodology
The Federal Reserve calculates this series using foreign exchange market data.
Historical Context
The US dollar exchange rate is a critical input for economic decision-making by governments, businesses, and investors worldwide.
Key Facts
- The US dollar is the world's primary reserve currency.
- A stronger dollar makes US exports more expensive abroad.
- The dollar's exchange rate fluctuates based on economic and political factors.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted exchange rate of the US dollar converted to a foreign currency.
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 the competitiveness of US exports, making it a key input for economic decision-making.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this series using foreign exchange market data.
Q: How is this trend used in economic policy?
A: Governments, businesses, and investors worldwide closely monitor the US dollar exchange rate to understand trade dynamics, inflation pressures, and the overall health of the US economy.
Q: Are there update delays or limitations?
A: The data is published annually and is subject to seasonal adjustments, though there may be delays in reporting.
Related Trends
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Infra-Annual Labor Statistics: Employment Rate Female: From 25 to 54 Years for Portugal
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTNTVA01PTA667S), retrieved from FRED.