Exchange Rate (market+estimated) for Georgia
XRNCUSGEA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.82
Year-over-Year Change
68.70%
Date Range
1/1/1990 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Georgia measures the national exchange rate between the Georgian lari and the U.S. dollar. This metric is crucial for understanding Georgia's international trade and capital flows.
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 Georgia represents the value of the Georgian lari relative to the U.S. dollar. This exchange rate is a key economic indicator, as it influences the price of imports and exports, and affects the purchasing power of Georgian consumers and businesses.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates and estimates.
Historical Context
Policymakers and analysts use this exchange rate trend to assess Georgia's economic competitiveness and the impact of monetary and fiscal policies.
Key Facts
- The Georgian lari has fluctuated significantly against the U.S. dollar over the past decade.
- Georgia's exchange rate is influenced by factors such as inflation, interest rates, and geopolitical events.
- The exchange rate is a crucial consideration for businesses and investors operating in the Georgian market.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Georgia measures the value of the Georgian lari relative to the U.S. dollar, reflecting the exchange rate between the two currencies.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is crucial for understanding Georgia's international trade, competitiveness, and the purchasing power of Georgian consumers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates and estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate trend to assess Georgia's economic competitiveness and the impact of monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying market exchange rates and estimates.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Georgia (XRNCUSGEA618NRUG), retrieved from FRED.