Broad Effective Exchange Rate for Croatia
NBHRBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.45
Year-over-Year Change
1.06%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Croatia measures the trade-weighted value of the Croatian kuna against a basket of major currencies. It provides insight into Croatia's international competitiveness and can inform economic policy decisions.
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 Croatia is an index that tracks the nominal exchange rate of the Croatian kuna relative to a weighted basket of currencies from Croatia's major trading partners. It is used to assess the overall strength of the kuna and Croatia's trade position compared to other economies.
Methodology
The data is calculated by the Bank for International Settlements using exchange rate and trade flow information.
Historical Context
Policymakers and analysts monitor this trend to gauge Croatia's export and import dynamics, as well as the impact on the country's economic performance and international trade.
Key Facts
- The base year for the NBHRBIS index is 2010.
- Croatia joined the Eurozone in 2023, impacting this exchange rate trend.
- The NBHRBIS reached a peak in 2008 during the global financial crisis.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Croatia measures the trade-weighted value of the Croatian kuna against a basket of currencies from its major trading partners.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Croatia's international competitiveness and trade position, which is important for policymakers and economists analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using exchange rate and trade flow information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge Croatia's export and import dynamics, as well as the impact on the country's economic performance and international trade.
Q: Are there update delays or limitations?
A: The NBHRBIS data is published regularly by the Federal Reserve, but may have short lags compared to real-time exchange rate movements.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Croatia (NBHRBIS), retrieved from FRED.