Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Hungary
Forint, Monthly, Not Seasonally Adjusted
MANMM101HUM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,822,489,690,000.00
Year-over-Year Change
-9.25%
Date Range
6/1/1993 - 11/1/2023
Summary
The 'Forint, Monthly, Not Seasonally Adjusted' trend measures the monthly exchange rate between the Hungarian forint and the U.S. dollar. This metric is closely watched by economists and policymakers to assess Hungary's economic performance and 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 forint exchange rate is a key economic indicator for Hungary, providing insights into the country's trade balance, inflation, and overall economic conditions. Analysts use this data to evaluate the Hungarian economy and inform policy decisions.
Methodology
The exchange rate is calculated by the U.S. Federal Reserve based on market transactions.
Historical Context
The forint exchange rate is an important factor in Hungary's monetary and fiscal policies.
Key Facts
- The forint is the official currency of Hungary.
- Hungary joined the European Union in 2004 but has not yet adopted the euro.
- The forint exchange rate is heavily influenced by the country's economic and political stability.
FAQs
Q: What does this economic trend measure?
A: The 'Forint, Monthly, Not Seasonally Adjusted' trend measures the monthly exchange rate between the Hungarian forint and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The forint exchange rate is a key indicator of Hungary's economic performance and competitiveness, which is closely watched by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The exchange rate is calculated by the U.S. Federal Reserve based on market transactions.
Q: How is this trend used in economic policy?
A: The forint exchange rate is an important factor in Hungary's monetary and fiscal policies, as it impacts the country's trade balance, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The forint exchange rate data is published monthly by the U.S. Federal Reserve, with minimal update delays.
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HUNCP090000GYM
Harmonized Index of Consumer Prices: Non-Alcoholic Beverages for Hungary
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Bank's Cost to Income Ratio for Hungary
DDEI07HUA156NWDB
Stock Market Total Value Traded to GDP for Hungary
DDDM02HUA156NWDB
Producer Prices Index: Economic Activities: Energy: Domestic for Hungary
HUNPIEAEN02GYM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Hungary
HUNCPGRGO01GYQ
Citation
U.S. Federal Reserve, Forint, Monthly, Not Seasonally Adjusted (MANMM101HUM189N), retrieved from FRED.