Exchange Rate (market+estimated) for Kenya
XRNCUSKEA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.99
Year-over-Year Change
51.51%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Kenya trend measures the exchange rate between the Kenyan shilling and the U.S. dollar, combining market and estimated data. This metric is crucial for understanding Kenya's international trade and 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 Kenya tracks the value of the Kenyan shilling against the U.S. dollar, which is an important indicator of the country's economic performance and global trade position. Economists and policymakers use this data to analyze Kenya's export competitiveness, currency fluctuations, and overall macroeconomic conditions.
Methodology
The data is collected by the U.S. Federal Reserve through a combination of market observations and estimates.
Historical Context
This exchange rate trend is widely used by investors, businesses, and government agencies to inform economic and trade policy decisions.
Key Facts
- The Kenyan shilling has been the official currency of Kenya since 1966.
- Kenya is a major exporter of agricultural products, including tea, coffee, and flowers.
- The exchange rate is an important factor in Kenya's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Kenya trend measures the exchange rate between the Kenyan shilling and the U.S. dollar, combining both market and estimated data.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is crucial for understanding Kenya's international trade competitiveness, currency fluctuations, and overall macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through a combination of market observations and estimates.
Q: How is this trend used in economic policy?
A: This exchange rate trend is widely used by investors, businesses, and government agencies to inform economic and trade policy decisions in Kenya and globally.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Kenya (XRNCUSKEA618NRUG), retrieved from FRED.