Labor Compensation: Earnings: Private Sector: Monthly for Hungary
Forint, Annual, Not Seasonally Adjusted
LCEAPR03HUA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
521,355.25
Year-over-Year Change
152.05%
Date Range
1/1/1989 - 1/1/2022
Summary
The 'Forint, Annual, Not Seasonally Adjusted' trend measures the value of the Hungarian forint relative to the U.S. dollar on an annual basis. This data is important for economists and policymakers analyzing international exchange rates and trade.
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 forint is the official currency of Hungary. This annual, non-seasonally adjusted series tracks the average exchange rate between the forint and the U.S. dollar over a 12-month period. Exchange rate data is widely used to assess a country's economic performance and competitiveness in global markets.
Methodology
The data is collected by the U.S. Federal Reserve from official sources.
Historical Context
Policymakers and analysts monitor exchange rate trends to inform decisions on monetary policy, trade, and international investment.
Key Facts
- The forint has been Hungary's national currency since 1946.
- Hungary joined the European Union in 2004 but has not yet adopted the euro.
- The forint is one of the most traded emerging market currencies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate between the Hungarian forint and the U.S. dollar on a non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: Exchange rate data is crucial for assessing a country's economic performance, competitiveness, and suitability for international trade and investment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from official sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor exchange rate trends to inform decisions on monetary policy, trade, and international investment.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Forint, Annual, Not Seasonally Adjusted (LCEAPR03HUA189N), retrieved from FRED.