Exchange Rate (market+estimated) for Estonia
XRNCUSEEA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
22.24%
Date Range
1/1/1990 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Estonia measures the value of the Estonian kroon (the former national currency) relative to the U.S. dollar. This metric is crucial for analyzing Estonia's economic performance and international trade dynamics.
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
This series represents the market exchange rate for the Estonian kroon, supplemented with estimated values before Estonia adopted the euro in 2011. It provides historical context on the strength of Estonia's currency prior to eurozone membership, which is important for understanding the country's economic transition.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market observations and estimates.
Historical Context
Policymakers and analysts use this exchange rate trend to evaluate Estonia's macroeconomic conditions and competitiveness.
Key Facts
- Estonia adopted the euro in 2011.
- The kroon was Estonia's national currency from 1992 to 2010.
- Exchange rates are crucial for analyzing a country's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate between the Estonian kroon and the U.S. dollar, providing historical context on the value of Estonia's currency prior to eurozone membership.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a key indicator of a country's economic performance and international competitiveness, making this trend crucial for understanding Estonia's economic transition and integration into the eurozone.
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 estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate trend to evaluate Estonia's macroeconomic conditions and competitiveness, which informs decision-making on trade, investment, and economic integration.
Q: Are there update delays or limitations?
A: The data includes estimated values before Estonia's adoption of the euro in 2011, so there may be some limitations in the precision of the earlier historical data.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Estonia (XRNCUSEEA618NRUG), retrieved from FRED.