Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Bulgaria
BGRCCUSMA02STM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.62
Year-over-Year Change
-6.57%
Date Range
1/1/1960 - 6/1/2021
Summary
This economic trend measures the average daily exchange rate between the US dollar and the Bulgarian lev, providing insight into the relative strength of the two currencies.
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 for Bulgaria tracks the value of the US dollar compared to the Bulgarian lev, the national currency of Bulgaria. This metric is used by economists, policymakers, and market analysts to understand the dynamics of international trade and capital flows between the US and Bulgaria.
Methodology
The data is collected by the US Federal Reserve through daily observations of the exchange rate.
Historical Context
This trend is relevant for understanding Bulgaria's economic performance and its trade relationship with the United States.
Key Facts
- The US dollar and Bulgarian lev have been traded on global currency markets since the 1990s.
- Bulgaria's economy is closely integrated with the Eurozone, though it has not yet adopted the euro.
- The exchange rate is influenced by factors such as inflation, interest rates, and trade balances between the US and Bulgaria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average daily exchange rate between the US dollar and the Bulgarian lev, the national currency of Bulgaria.
Q: Why is this trend relevant for users or analysts?
A: The US Dollar Exchange Rate for Bulgaria is relevant for understanding the economic relationship between the US and Bulgaria, including trade dynamics and capital flows.
Q: How is this data collected or calculated?
A: The data is collected by the US Federal Reserve through daily observations of the exchange rate between the US dollar and the Bulgarian lev.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to assess the relative strength of the US dollar and the Bulgarian lev, which can inform decisions related to international trade, investment, and monetary policy.
Q: Are there update delays or limitations?
A: The US Dollar Exchange Rate for Bulgaria is updated daily by the Federal Reserve, with minimal delays. However, the data may be subject to revisions or methodological changes over time.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Bulgaria (BGRCCUSMA02STM), retrieved from FRED.