Index 2010=1, Quarterly, Seasonally Adjusted
NAEXKP01O1Q661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.14
Year-over-Year Change
7.02%
Date Range
1/1/1962 - 4/1/2017
Summary
This economic indicator measures the effective exchange rate index for New Zealand, a measure of the strength of the New Zealand dollar relative to a basket of major currencies. It is an important metric for assessing New Zealand's international trade 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 New Zealand Effective Exchange Rate Index (NEER) tracks the value of the New Zealand dollar against a weighted basket of currencies of New Zealand's major trading partners. This index is used by economists and policymakers to evaluate the competitiveness of New Zealand's exports and imports.
Methodology
The data is collected and calculated by the Reserve Bank of New Zealand.
Historical Context
The NEER is closely monitored by the Reserve Bank of New Zealand for insights into the country's trade dynamics and to inform monetary policy decisions.
Key Facts
- The base year for the NEER index is 2010.
- New Zealand is a small, open economy heavily dependent on international trade.
- The NEER is one of the key indicators used by the Reserve Bank of New Zealand.
FAQs
Q: What does this economic trend measure?
A: The New Zealand Effective Exchange Rate Index (NEER) measures the value of the New Zealand dollar relative to a basket of currencies from New Zealand's major trading partners.
Q: Why is this trend relevant for users or analysts?
A: The NEER is an important indicator of New Zealand's international trade competitiveness and is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Reserve Bank of New Zealand.
Q: How is this trend used in economic policy?
A: The NEER is used by the Reserve Bank of New Zealand to inform monetary policy decisions and assess the country's trade dynamics.
Q: Are there update delays or limitations?
A: The NEER data is published quarterly with no significant update delays.
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Citation
U.S. Federal Reserve, Index 2010=1, Quarterly, Seasonally Adjusted (NAEXKP01O1Q661S), retrieved from FRED.