Broad Effective Exchange Rate for Hong Kong SAR
NBHKBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.96
Year-over-Year Change
-4.22%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Hong Kong SAR measures the nominal value of the Hong Kong dollar against a weighted basket of major trading partners' currencies. It provides insight into Hong Kong's external competitiveness and trade dynamics.
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 Broad Effective Exchange Rate for Hong Kong SAR is an index that tracks the trade-weighted value of the Hong Kong dollar against a basket of currencies. It is used by economists and policymakers to gauge Hong Kong's export and import competitiveness in global markets.
Methodology
The data is calculated by the Bank for International Settlements using exchange rate and trade data.
Historical Context
Changes in the Broad Effective Exchange Rate can inform monetary and trade policy decisions in Hong Kong.
Key Facts
- The base year for the index is 2010.
- Hong Kong has a linked exchange rate system pegging the Hong Kong dollar to the U.S. dollar.
- The Broad Effective Exchange Rate reached an all-time high in 2021.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Hong Kong SAR measures the nominal, trade-weighted value of the Hong Kong dollar against a basket of major trading partners' currencies.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Hong Kong's export and import competitiveness, which is important for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using exchange rate and trade data.
Q: How is this trend used in economic policy?
A: Changes in the Broad Effective Exchange Rate can inform monetary and trade policy decisions in Hong Kong.
Q: Are there update delays or limitations?
A: The data is published with a short lag time and represents a comprehensive measure of Hong Kong's external competitiveness.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Hong Kong SAR (NBHKBIS), retrieved from FRED.