Exchange Rate to U.S. Dollar for Bulgaria
FXRATEBGA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.48
Year-over-Year Change
-16.07%
Date Range
1/1/1953 - 1/1/2010
Summary
The Exchange Rate to U.S. Dollar for Bulgaria measures the value of the Bulgarian lev against the U.S. dollar. This trend is a key indicator of Bulgaria's economic performance and trade competitiveness.
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 Exchange Rate to U.S. Dollar for Bulgaria tracks the nominal exchange rate between the Bulgarian lev and the U.S. dollar. This data point is widely used by economists, policymakers, and market analysts to assess Bulgaria's international trade and economic conditions.
Methodology
The exchange rate is calculated daily based on global currency market trading.
Historical Context
Fluctuations in this exchange rate can influence Bulgaria's exports, imports, and foreign investment.
Key Facts
- The Bulgarian lev has been pegged to the euro since 1999.
- Bulgaria is a member of the European Union but not the Eurozone.
- The exchange rate is published daily by the Bulgarian National Bank.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate to U.S. Dollar for Bulgaria measures the nominal exchange rate between the Bulgarian lev and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is a key indicator of Bulgaria's trade competitiveness and economic performance, influencing exports, imports, and foreign investment.
Q: How is this data collected or calculated?
A: The exchange rate is calculated daily based on global currency market trading.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate data to assess Bulgaria's international trade conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The exchange rate is published daily with no significant update delays.
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Citation
U.S. Federal Reserve, Exchange Rate to U.S. Dollar for Bulgaria (FXRATEBGA618NUPN), retrieved from FRED.