Exchange Rate (market+estimated) for Latvia
XRNCUSLVA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
22.19%
Date Range
1/1/1990 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Latvia measures the value of the Latvian currency, the lats, relative to the U.S. dollar. This trend is important for economists and policymakers to assess Latvia's international competitiveness and 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 economic indicator represents the exchange rate between the Latvian lats and the U.S. dollar, including both market-based and estimated exchange rates. It provides insight into the strength of Latvia's currency and can inform assessments of the country's trade balance, inflation, and overall economic performance.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
The exchange rate trend is closely monitored by policymakers, international institutions, and market analysts to gauge Latvia's economic conditions and competitiveness.
Key Facts
- Latvia adopted the euro in 2014, replacing the lats.
- The exchange rate is influenced by factors like inflation, interest rates, and trade balances.
- Monitoring the exchange rate is crucial for assessing a country's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Latvia measures the value of the Latvian currency, the lats, relative to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Latvia's international competitiveness and trade dynamics, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The exchange rate trend is closely monitored by policymakers, international institutions, and market analysts to gauge Latvia's economic conditions and competitiveness.
Q: Are there update delays or limitations?
A: The data is provided by the U.S. Federal Reserve and may be subject to update delays or limitations beyond the control of this content.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Latvia (XRNCUSLVA618NRUG), retrieved from FRED.