Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Czech Republic
Czech Koruna, Monthly, Not Seasonally Adjusted
MANMM101CZM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,318,300,000,000.00
Year-over-Year Change
3.02%
Date Range
1/1/1992 - 11/1/2023
Summary
This economic trend tracks the monthly exchange rate of the Czech koruna (CZK) against the U.S. dollar, providing insight into the currency's relative value and economic performance.
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 Czech koruna is the national currency of the Czech Republic. This monthly exchange rate series, which is not seasonally adjusted, is a key indicator of the koruna's strength and can reflect broader economic conditions and trade dynamics between the Czech Republic and its major trading partners.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
The koruna exchange rate is closely monitored by policymakers, businesses, and investors to assess the Czech economy's competitiveness and trade flows.
Key Facts
- The Czech Republic joined the European Union in 2004 but has not yet adopted the euro.
- The koruna is one of the most traded currencies in Central and Eastern Europe.
- The Czech National Bank has historically intervened to manage the koruna's exchange rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate of the Czech koruna (CZK) against the U.S. dollar, providing insight into the currency's relative value.
Q: Why is this trend relevant for users or analysts?
A: The koruna exchange rate is a key indicator of the Czech economy's competitiveness and trade dynamics, making it relevant for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The koruna exchange rate is closely monitored by the Czech National Bank and other policymakers to assess the economy's competitiveness and guide monetary and trade policies.
Q: Are there update delays or limitations?
A: There may be occasional delays in the reporting of this monthly data, and the series is not seasonally adjusted.
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Citation
U.S. Federal Reserve, Czech Koruna, Monthly, Not Seasonally Adjusted (MANMM101CZM189N), retrieved from FRED.