Average Monthly Berlin Rates of Exchange on New York for Germany
M14002DEM368NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
419.80
Year-over-Year Change
0.05%
Date Range
3/1/1887 - 7/1/1914
Summary
The 'Average Monthly Berlin Rates of Exchange on New York for Germany' trend measures the exchange rate between the German mark and the U.S. dollar, providing insights into international currency movements 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
This series represents the average monthly exchange rate between the German mark and the U.S. dollar, as determined in the Berlin foreign exchange market. The exchange rate is a key indicator of the relative strength and purchasing power of national currencies, influencing international trade, investment, and economic policy decisions.
Methodology
The data is collected by the U.S. Federal Reserve through monitoring of the Berlin foreign exchange market.
Historical Context
Policymakers and analysts use this exchange rate trend to assess Germany's economic performance and competitiveness in global markets.
Key Facts
- The German mark was the official currency of Germany until the introduction of the euro in 2002.
- The Berlin foreign exchange market was a major hub for international currency trading during the 20th century.
- Exchange rates can significantly impact the cost of imports and exports, influencing a country's trade balance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average monthly exchange rate between the German mark and the U.S. dollar, as determined in the Berlin foreign exchange market.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate between national currencies is a key indicator of economic performance and competitiveness, influencing international trade, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through monitoring of the Berlin foreign exchange market.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate trend to assess Germany's economic performance and competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data is subject to the availability and reliability of the Berlin foreign exchange market monitoring by the U.S. Federal Reserve.
Related Trends
Time Deposits, National Banks Outside New York State
M14156USM144SNBR
Gold Outside the Treasury and Federal Reserve Banks for United States
M1431AUSM144NNBR
Silver Held in the Treasury, Treasury and Federal Reserve Banks for United States
M1433AUSM144NNBR
Demand Deposits, Individuals, Corporations, and Others, Weekly Reporting Member Banks for New York, NY
M1432DUS35620M027NNBR
Cash in Vault, Total, National Banks, Including Possessions for United States
M14177USM144NNBR
Demand Deposits, Adjusted Time Deposits, All Commercial Banks, Plus Currency Held by the Public for United States
M1444CUSM027SNBR
Citation
U.S. Federal Reserve, Average Monthly Berlin Rates of Exchange on New York for Germany (M14002DEM368NNBR), retrieved from FRED.