Real Broad Effective Exchange Rate for Bulgaria
RBBGBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.06
Year-over-Year Change
2.60%
Date Range
1/1/1994 - 6/1/2025
Summary
The Real Broad Effective Exchange Rate for Bulgaria measures the weighted average value of the Bulgarian lev against a basket of foreign currencies, adjusted for inflation. It provides insight into Bulgaria's international trade 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 Real Broad Effective Exchange Rate for Bulgaria is an index that tracks the purchasing power of the Bulgarian lev relative to a weighted basket of trading partner currencies. It is a key indicator of a country's international price competitiveness and can inform policy decisions related to trade, investment, and macroeconomic management.
Methodology
The data is calculated by the Bank for International Settlements using exchange rates and consumer price indices.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess Bulgaria's trade dynamics and economic performance.
Key Facts
- Bulgaria joined the European Union in 2007.
- The lev is pegged to the euro at a fixed rate.
- Bulgaria is a major exporter of machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The Real Broad Effective Exchange Rate for Bulgaria measures the weighted average value of the Bulgarian lev against a basket of foreign currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Bulgaria's international trade competitiveness, which is crucial for assessing the country's economic performance and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using exchange rates and consumer price indices.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors closely monitor this trend to assess Bulgaria's trade dynamics and make informed decisions related to trade, investment, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bank for International Settlements, with occasional revisions to account for updates in underlying data sources.
Related Trends
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BGRFCRMHPENUM
Harmonized Index of Consumer Prices: Other Major Durables for Recreation and Culture for Bulgaria
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Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Bulgaria
BGRFCBODCANUM
Central Bank Assets to GDP for Bulgaria
DDDI06BGA156NWDB
Gross Portfolio Debt Liabilities to GDP for Bulgaria
DDDM10BGA156NWDB
Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Bulgaria
BGRFCAODCHNUM
Citation
U.S. Federal Reserve, Real Broad Effective Exchange Rate for Bulgaria (RBBGBIS), retrieved from FRED.