National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Czech Republic
Czech Koruna, Annual
NAEXKP06CZA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,623,783,000,000.00
Year-over-Year Change
63.25%
Date Range
1/1/1995 - 1/1/2022
Summary
This economic trend measures the annual average exchange rate of the Czech koruna against the U.S. dollar. It is an important indicator for analyzing the international competitiveness of the Czech economy.
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 (CZK) is the official currency of the Czech Republic. The annual average exchange rate tracks the value of the koruna relative to the U.S. dollar over a 12-month period. This metric is closely watched by economists, policymakers, and businesses to assess the country's trade dynamics and macroeconomic health.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Czech koruna exchange rate is a key input for evaluating the Czech Republic's trade balance, foreign direct investment, and overall economic performance.
Key Facts
- The Czech Republic adopted the koruna as its currency in 1993.
- The koruna is one of the most actively traded currencies in Central and Eastern Europe.
- The annual average exchange rate can impact the cost of imports and exports for Czech businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate of the Czech koruna against the U.S. dollar, reflecting the value of the Czech currency over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The Czech koruna exchange rate is a crucial indicator for evaluating the international competitiveness and trade dynamics of the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The annual average koruna exchange rate is used by economists, policymakers, and businesses to assess the Czech Republic's trade balance, foreign direct investment, and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the annual nature of this trend means it may not capture short-term exchange rate fluctuations.
Related Trends
Percentage of Foreign Bank Assets Among Total Bank Assets for Czech Republic
DDOI14CZA156NWDB
Population, Total for Czech Republic
POPTOTCZA647NWDB
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Czechia
CZECP070200GYM
Value of Exports to Czech Republic from Idaho
IDCZEA052SCEN
Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Czech Republic
CZECP050000IXNBM
Bank Regulatory Capital to Risk-Weighted Assets for Czech Republic
DDSI05CZA156NWDB
Citation
U.S. Federal Reserve, Czech Koruna, Annual (NAEXKP06CZA652S), retrieved from FRED.