Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Finland
CCUSSP01FIM650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
3.60%
Date Range
1/1/1960 - 12/1/2023
Summary
This economic trend measures the end-of-period exchange rate between the US dollar and the Finnish markka, providing insights into the relative strength of the US currency in the Finnish market.
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 spot price for the Finnish markka is an important indicator of the relative value of the US dollar compared to the Finnish national currency. This metric is closely watched by economists, investors, and policymakers to understand fluctuations in international trade and capital flows.
Methodology
The data is collected directly from foreign exchange markets by the US Federal Reserve.
Historical Context
This exchange rate trend is used to analyze the competitiveness of US exports and the purchasing power of US consumers in Finland.
Key Facts
- The US dollar-Finnish markka exchange rate is expressed as the number of markka per US dollar.
- This exchange rate trend has been tracked by the Federal Reserve since the 1970s.
- Movements in this rate impact the cost of US exports to Finland and Finnish imports to the US.
FAQs
Q: What does this economic trend measure?
A: This trend measures the end-of-period spot exchange rate between the US dollar and the Finnish markka, the former national currency of Finland.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is closely monitored by economists, investors, and policymakers to understand the relative strength of the US dollar and its impact on international trade and capital flows.
Q: How is this data collected or calculated?
A: The data is collected directly from foreign exchange markets by the US Federal Reserve.
Q: How is this trend used in economic policy?
A: This exchange rate trend is used to analyze the competitiveness of US exports and the purchasing power of US consumers in Finland.
Q: Are there update delays or limitations?
A: The Federal Reserve provides this exchange rate data on a timely basis, with minimal delays.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Finland (CCUSSP01FIM650N), retrieved from FRED.