Exchange Rate (market+estimated) for Morocco
XRNCUSMAA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.62
Year-over-Year Change
17.39%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Morocco measures the value of the Moroccan dirham relative to the U.S. dollar. This metric is crucial for understanding Morocco's economic 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
The Exchange Rate (market+estimated) for Morocco tracks the daily nominal exchange rate between the Moroccan dirham and the U.S. dollar. This data point is widely used by economists, policymakers, and market analysts to evaluate Morocco's economic performance, trade flows, and international competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates and estimates.
Historical Context
This exchange rate trend is closely monitored by the Moroccan government, central bank, and international institutions to inform economic and trade policies.
Key Facts
- The Moroccan dirham has been pegged to a basket of currencies since 1996.
- Morocco is a major trading partner with the European Union and the United States.
- Exchange rate fluctuations impact Morocco's export competitiveness and import costs.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Morocco measures the nominal exchange rate between the Moroccan dirham and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is a key indicator of Morocco's economic competitiveness and trade dynamics, making it crucial for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates this exchange rate data based on market rates and estimates.
Q: How is this trend used in economic policy?
A: The Moroccan government and central bank closely monitor this exchange rate to inform their economic and trade policies.
Q: Are there update delays or limitations?
A: The exchange rate data is published daily with minimal delays, providing timely information for economic analysis and decision-making.
Related Trends
Exchange Rate (market+estimated) for Mauritius
XRNCUSMUA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Romania
PLGDPOROA670NRUG
Exchange Rate (market+estimated) for Sweden
XRNCUSSEA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for United Kingdom
PLGDPOGBA670NRUG
Exchange Rate (market+estimated) for United Republic of Tanzania
XRNCUSTZA618NRUG
Exchange Rate (market+estimated) for Tunisia
XRNCUSTNA618NRUG
Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Morocco (XRNCUSMAA618NRUG), retrieved from FRED.