Exchange Rate (market+estimated) for Guinea
XRNCUSGNA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,183.88
Year-over-Year Change
118.78%
Date Range
1/1/1959 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Guinea measures the value of the Guinean franc in relation to the U.S. dollar. This trend is important for economists and policymakers to understand Guinea's trade dynamics and international 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 Guinea represents the Guinea franc's exchange rate versus the U.S. dollar, combining official market data with estimated values where market data is unavailable. This exchange rate metric is used to assess Guinea's economic performance and trade relationships.
Methodology
The data is collected from a combination of market observations and statistical estimation.
Historical Context
This exchange rate trend provides context for analysts evaluating Guinea's trade and economic policy.
Key Facts
- The Guinea franc has been the official currency of Guinea since 1960.
- Guinea's exchange rate is influenced by commodity exports and capital flows.
- The exchange rate is an important indicator of Guinea's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Guinea measures the value of the Guinean franc relative to the U.S. dollar, combining official market data and statistical estimates.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend provides important context for evaluating Guinea's trade dynamics, economic performance, and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected from a combination of market observations and statistical estimation.
Q: How is this trend used in economic policy?
A: The exchange rate trend is used by economists, policymakers, and market analysts to assess Guinea's trade relationships and the competitiveness of its exports.
Q: Are there update delays or limitations?
A: The data may have update delays or gaps where direct market observations are unavailable, requiring statistical estimation.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Guinea (XRNCUSGNA618NRUG), retrieved from FRED.