Exchange Rate to U.S. Dollar for Belize
FXRATEBZA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1950 - 1/1/2010
Summary
The Exchange Rate to U.S. Dollar for Belize measures the value of the Belize dollar relative to the U.S. dollar. This metric is crucial for economists and policymakers to assess a country's international competitiveness and trade dynamics.
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 between the Belize dollar and the U.S. dollar is an important economic indicator that reflects the relative strength and purchasing power of the two currencies. It is widely used to analyze a country's trade balance, foreign investment flows, and overall economic performance.
Methodology
The data is collected and reported by the Central Bank of Belize.
Historical Context
Governments and central banks closely monitor exchange rate trends to inform monetary and fiscal policies.
Key Facts
- The Belize dollar has been pegged to the U.S. dollar at a fixed rate of 2:1 since 1976.
- Belize is a small, open economy heavily dependent on exports and tourism, making the exchange rate a critical factor.
- The stable exchange rate with the U.S. dollar has helped Belize maintain low inflation and attract foreign investment.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate to U.S. Dollar for Belize measures the value of the Belize dollar relative to the U.S. dollar, which is crucial for analyzing a country's international competitiveness and trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate between the Belize dollar and the U.S. dollar is a key economic indicator that reflects the relative strength and purchasing power of the two currencies, making it widely used to analyze a country's trade balance, foreign investment flows, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Belize.
Q: How is this trend used in economic policy?
A: Governments and central banks closely monitor exchange rate trends to inform monetary and fiscal policies, as the exchange rate is a critical factor for small, open economies like Belize that are heavily dependent on exports and tourism.
Q: Are there update delays or limitations?
A: The data is provided by the Central Bank of Belize and may be subject to any update delays or limitations inherent in their reporting process.
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Citation
U.S. Federal Reserve, Exchange Rate to U.S. Dollar for Belize (FXRATEBZA618NUPN), retrieved from FRED.