Exchange Rate (market+estimated) for Costa Rica
XRNCUSCRA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
587.29
Year-over-Year Change
13.68%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Costa Rica measures the value of the Costa Rican colón relative to the U.S. dollar. This metric is crucial for understanding the competitiveness of Costa Rican exports and imports, as well as the overall health of the country's economy.
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 Costa Rica represents the market-determined and estimated exchange rate between the Costa Rican colón and the U.S. dollar. This data point is widely used by economists, policymakers, and businesses to assess the Costa Rican economy's trade dynamics and international purchasing power.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market and estimated exchange rates.
Historical Context
The exchange rate is a key indicator for monitoring Costa Rica's economic performance and is often considered in policymaking and market analysis.
Key Facts
- The Costa Rican colón has fluctuated against the U.S. dollar over the past decade.
- The exchange rate is monitored by the Central Bank of Costa Rica to manage inflation and support exports.
- Movements in the exchange rate can impact the cost of imports and the competitiveness of Costa Rican exports.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Costa Rica measures the value of the Costa Rican colón relative to the U.S. dollar, which is crucial for understanding the country's trade dynamics and international purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate metric is widely used by economists, policymakers, and businesses to assess the competitiveness of Costa Rican exports and imports, as well as the overall health of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market and estimated exchange rates.
Q: How is this trend used in economic policy?
A: The exchange rate is a key indicator that is often considered in Costa Rican policymaking and market analysis, as it can impact inflation, exports, and the overall competitiveness of the country's economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays or limitations in the availability or accuracy of the exchange rate estimates.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Costa Rica (XRNCUSCRA618NRUG), retrieved from FRED.