Exchange Rate (market+estimated) for Bahamas
XRNCUSBSA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1970 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Bahamas tracks the value of the Bahamian dollar relative to the U.S. dollar. This measure is important for economists analyzing exchange rate dynamics and policymakers seeking to understand the Bahamian economy's 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 Exchange Rate (market+estimated) for Bahamas is a foreign exchange rate that represents the value of the Bahamian dollar in terms of the U.S. dollar. It is used to assess the strength and stability of the Bahamian currency, which is pegged to the U.S. dollar at a fixed rate.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market observations and estimations.
Historical Context
This exchange rate trend is closely monitored by economists, policymakers, and market participants to gauge the Bahamian economy's trade competitiveness and external position.
Key Facts
- The Bahamian dollar has been pegged to the U.S. dollar at a fixed rate since 1973.
- The Bahamas is a major tourist destination, making its exchange rate an important economic indicator.
- The exchange rate is used to analyze the Bahamian economy's competitiveness in international trade.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Bahamas tracks the value of the Bahamian dollar relative to the U.S. dollar, which is used to assess the strength and stability of the Bahamian currency.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is important for economists, policymakers, and market participants to gauge the Bahamian economy's trade competitiveness and external position.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market observations and estimations.
Q: How is this trend used in economic policy?
A: The exchange rate is closely monitored by policymakers to understand the Bahamian economy's competitiveness and inform decisions related to monetary and trade policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be occasional delays or limitations in the estimation process.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Bahamas (XRNCUSBSA618NRUG), retrieved from FRED.