National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Hungary
Forint, Quarterly
NAEXKP01HUQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,951,729,000,000.00
Year-over-Year Change
10.40%
Date Range
1/1/1995 - 7/1/2023
Summary
The Forint, Quarterly trend measures the value of the Hungarian forint against the U.S. dollar on a quarterly basis. This metric is a key indicator of Hungary's economic performance and global trade 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 is the official currency of Hungary. This quarterly series tracks the forint's exchange rate, which is influenced by factors such as inflation, interest rates, and trade balances. Economists and policymakers use this data to assess Hungary's economic health and international position.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Fluctuations in the forint's exchange rate can impact Hungary's exports, imports, and overall economic growth, making this a closely watched indicator.
Key Facts
- The forint has been Hungary's official currency since 1946.
- Hungary joined the European Union in 2004 but has not yet adopted the euro.
- The forint is one of the most actively traded emerging market currencies.
FAQs
Q: What does this economic trend measure?
A: The Forint, Quarterly trend measures the value of the Hungarian forint against the U.S. dollar on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Hungary's economic performance and global trade competitiveness, which is important for economists, policymakers, 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: Fluctuations in the forint's exchange rate can impact Hungary's exports, imports, and overall economic growth, making this a closely watched indicator for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with no significant delays.
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Citation
U.S. Federal Reserve, Forint, Quarterly (NAEXKP01HUQ189S), retrieved from FRED.