Real Narrow Effective Exchange Rate for Austria
RNATBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.49
Year-over-Year Change
1.92%
Date Range
1/1/1964 - 6/1/2025
Summary
The Real Narrow Effective Exchange Rate for Austria measures the strength of the Austrian currency relative to a basket of major trading partners, adjusted for inflation. This metric is closely watched by economists and policymakers to gauge Austria's international 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 Narrow Effective Exchange Rate for Austria tracks the value of the Austrian euro against a weighted basket of foreign currencies, factoring in price changes. It provides insight into Austria's trade dynamics and the impact of currency movements on the country's exports and imports.
Methodology
The data is calculated by the Bank for International Settlements using exchange rates and consumer price indexes.
Historical Context
This economic indicator is used by analysts to assess Austria's economic performance and inform policy decisions related to trade, monetary policy, and international investment.
Key Facts
- Austria is a major exporter, with exports accounting for over 50% of GDP.
- The real exchange rate tracks changes in Austria's price competitiveness.
- Policymakers monitor this metric to assess the impact of currency movements on the Austrian economy.
FAQs
Q: What does this economic trend measure?
A: The Real Narrow Effective Exchange Rate for Austria measures the strength of the Austrian euro against a basket of major trading partner currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Austria's international trade competitiveness and is used by economists and policymakers to assess the impact of currency movements on the Austrian economy.
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 indexes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to inform decisions related to trade, monetary policy, and international investment in the Austrian economy.
Q: Are there update delays or limitations?
A: The Real Narrow Effective Exchange Rate for Austria is updated monthly, with some potential delays in data availability.
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Citation
U.S. Federal Reserve, Real Narrow Effective Exchange Rate for Austria (RNATBIS), retrieved from FRED.