Exchange Rate (market+estimated) for Iraq
XRNCUSIQA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,182.00
Year-over-Year Change
-5.78%
Date Range
1/1/1970 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Iraq tracks the value of the Iraqi dinar relative to the U.S. dollar. This metric is crucial for understanding Iraq's economic health 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 exchange rate series combines market-observed and estimated data to provide a comprehensive view of the Iraqi dinar's value. It is a key indicator used by economists, policymakers, and businesses to assess Iraq's economic performance and competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using a combination of direct market observations and estimation techniques.
Historical Context
The exchange rate trends are closely monitored by international institutions and markets to gauge Iraq's monetary policy and trade conditions.
Key Facts
- The Iraqi dinar has been pegged to the U.S. dollar since 2003.
- Iraq's exchange rate is a critical factor in its oil exports and imports of goods.
- The exchange rate is heavily influenced by Iraq's political and economic stability.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Iraq tracks the value of the Iraqi dinar relative to the U.S. dollar, combining observed market data and estimated figures.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is a crucial indicator of Iraq's economic health, competitiveness, and trade dynamics, making it highly relevant for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this exchange rate data using a combination of direct market observations and estimation techniques.
Q: How is this trend used in economic policy?
A: The exchange rate trends are closely monitored by international institutions and markets to gauge Iraq's monetary policy and trade conditions, informing economic decisions and assessments.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be occasional delays or limitations in the availability of some market-based observations.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Iraq (XRNCUSIQA618NRUG), retrieved from FRED.