National currency, Sum Over Component Sub-periods, Annual
BPCFTT01CZA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,726,600,000.00
Year-over-Year Change
-32.88%
Date Range
1/1/1993 - 1/1/2013
Summary
The 'National currency, Sum Over Component Sub-periods, Annual' trend measures the total value of a country's currency holdings over a year. It is an important economic indicator for analyzing a nation's foreign exchange reserves and current account balance.
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
This annual series represents the total value of a country's holdings of its national currency, calculated by summing the underlying sub-period (e.g., monthly) values. It provides insight into a nation's foreign exchange management and can be used to assess its ability to support its currency and meet international payment obligations.
Methodology
The data is collected by national statistical agencies and central banks.
Historical Context
Economists and policymakers monitor this trend to understand a country's financial position and potential vulnerabilities.
Key Facts
- The U.S. held over $11 trillion in national currency reserves in 2021.
- China has the world's largest national currency reserves, exceeding $3 trillion.
- National currency reserves can be used to support a currency's value and meet international obligations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of a country's holdings of its national currency over a given year, calculated by summing the underlying sub-period values.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into a nation's foreign exchange management and ability to support its currency and meet international payment obligations, making it an important indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and central banks.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand a country's financial position and potential vulnerabilities, which can inform decisions related to currency management and international trade.
Q: Are there update delays or limitations?
A: The data is typically published annually with some potential for delays in reporting by national authorities.
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Citation
U.S. Federal Reserve, National currency, Sum Over Component Sub-periods, Annual (BPCFTT01CZA636N), retrieved from FRED.