Exchange Rate (market+estimated) for Gabon
XRNCUSGAA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
585.91
Year-over-Year Change
22.25%
Date Range
1/1/1960 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Gabon measures the value of the Gabonese franc relative to the U.S. dollar. It is a key economic indicator for understanding Gabon's trade and financial conditions.
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 exchange rate series combines market-based and estimated data to provide a comprehensive representation of the Gabonese franc's value against the U.S. dollar. It is widely used by economists, policymakers, and investors to assess Gabon's economic performance and competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using a combination of market exchange rates and estimated values.
Historical Context
The exchange rate trend is crucial for analyzing Gabon's trade balances, inflation, and overall economic stability.
Key Facts
- The Gabonese franc has been pegged to the euro since 1999.
- Gabon is a member of the Central African Economic and Monetary Community (CEMAC).
- The exchange rate is a key factor in Gabon's export competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Gabon measures the value of the Gabonese franc relative to the U.S. dollar, providing a comprehensive view of Gabon's exchange rate conditions.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is crucial for understanding Gabon's trade, inflation, and overall economic performance, making it a key indicator for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using a combination of market exchange rates and estimated values.
Q: How is this trend used in economic policy?
A: The exchange rate trend is used by policymakers and institutions to analyze Gabon's trade balances, competitiveness, and overall economic stability, informing policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates or limitations due to the use of estimated values, but the Federal Reserve strives to provide the most comprehensive and timely exchange rate information.
Related Trends
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Iraq
PLGDPOIQA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Suriname
PLGDPOSRA670NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Dominican Republic
PLGDPODOA670NRUG
Exchange Rate (market+estimated) for Qatar
XRNCUSQAA618NRUG
Exchange Rate (market+estimated) for Grenada
XRNCUSGDA618NRUG
Exchange Rate (market+estimated) for Suriname
XRNCUSSRA618NRUG
Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Gabon (XRNCUSGAA618NRUG), retrieved from FRED.