National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Hungary
Forint, Annual
NAEXKP06HUA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,840,246,000,000.00
Year-over-Year Change
78.70%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Forint, Annual' series measures the average annual exchange rate between the Hungarian forint and the U.S. dollar. This metric is a key indicator of Hungary's economic performance and its integration with global markets.
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-dollar exchange rate tracks the relative value of the Hungarian currency compared to the U.S. dollar. This trend is closely monitored by economists, policymakers, and investors to assess Hungary's trade competitiveness, inflation dynamics, and macroeconomic stability.
Methodology
The data is calculated by the U.S. Federal Reserve as the annual average of daily spot exchange rates.
Historical Context
The forint exchange rate is a vital input for assessing Hungary's economic and trade policies.
Key Facts
- The Hungarian forint is the official currency of Hungary.
- Hungary joined the European Union in 2004 but has not yet adopted the euro.
- The forint-dollar exchange rate has fluctuated significantly over the past two decades.
FAQs
Q: What does this economic trend measure?
A: The 'Forint, Annual' series measures the average annual exchange rate between the Hungarian forint and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The forint-dollar exchange rate is a key indicator of Hungary's economic performance and trade competitiveness, providing insights for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve as the annual average of daily spot exchange rates.
Q: How is this trend used in economic policy?
A: The forint exchange rate is a vital input for assessing Hungary's economic and trade policies, as it impacts the country's trade competitiveness and macroeconomic stability.
Q: Are there update delays or limitations?
A: The data is reported annually and may have a short delay in publication.
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Citation
U.S. Federal Reserve, Forint, Annual (NAEXKP06HUA652S), retrieved from FRED.