Exchange Rate to U.S. Dollar for Equatorial Guinea
FXRATEGQA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
495.28
Year-over-Year Change
-16.05%
Date Range
1/1/1950 - 1/1/2010
Summary
The Exchange Rate to U.S. Dollar for Equatorial Guinea tracks the value of the Equatoguinean currency (the Central African CFA franc) relative to the U.S. dollar. This metric is closely watched by economists and policymakers to understand trade dynamics and the nation's economic 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 Equatorial Guinea reflects the price at which the Central African CFA franc can be exchanged for one U.S. dollar. This measure is important for analyzing Equatorial Guinea's trade flows, import/export prices, and overall economic performance within the global marketplace.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
This exchange rate trend is widely referenced by traders, analysts, and policymakers to assess Equatorial Guinea's trade position and international competitiveness.
Key Facts
- Equatorial Guinea uses the Central African CFA franc as its national currency.
- The CFA franc has been pegged to the Euro since 1999.
- Equatorial Guinea is a member of the Central African Economic and Monetary Community (CEMAC).
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate to U.S. Dollar for Equatorial Guinea tracks the value of the Central African CFA franc in terms of U.S. dollars. This metric reflects the purchasing power and international competitiveness of Equatorial Guinea's currency.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is an important indicator for assessing Equatorial Guinea's trade dynamics, import/export prices, and overall economic performance within the global marketplace.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: This exchange rate trend is widely referenced by traders, analysts, and policymakers to assess Equatorial Guinea's trade position and international competitiveness.
Q: Are there update delays or limitations?
A: The exchange rate data is reported regularly by the U.S. Federal Reserve with minimal delays, providing timely information for economic analysis and policy decisions.
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Citation
U.S. Federal Reserve, Exchange Rate to U.S. Dollar for Equatorial Guinea (FXRATEGQA618NUPN), retrieved from FRED.