National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Switzerland
Swiss Franc, Annual
NAEXKP01CHA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
760,588,185,420.00
Year-over-Year Change
24.21%
Date Range
1/1/1980 - 1/1/2022
Summary
The Swiss Franc, Annual trend measures the average annual exchange rate between the Swiss franc and the U.S. dollar. This data point is crucial for economists and policymakers analyzing global currency markets and international 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 Swiss franc is the official currency of Switzerland and Liechtenstein. The Swiss Franc, Annual series tracks the yearly average of the daily noon buying rate for cable transfers payable in Swiss francs, as certified by the Federal Reserve Bank of New York.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
This exchange rate trend is widely used to assess Switzerland's economic performance and competitiveness in global markets.
Key Facts
- Switzerland has maintained a floating exchange rate regime since 1973.
- The Swiss franc is one of the world's most stable and highly valued currencies.
- Switzerland is a major exporter, with trade accounting for over 60% of its GDP.
FAQs
Q: What does this economic trend measure?
A: The Swiss Franc, Annual trend measures the average annual exchange rate between the Swiss franc and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate data is crucial for analyzing Switzerland's economic performance, competitiveness, and international trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this exchange rate trend to assess Switzerland's economic health and competitiveness in global markets.
Q: Are there update delays or limitations?
A: The Swiss Franc, Annual data is published in a timely manner with no significant delays or limitations.
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Citation
U.S. Federal Reserve, Swiss Franc, Annual (NAEXKP01CHA652S), retrieved from FRED.