Exchange Rate (market+estimated) for Mauritania
XRNCUSMRA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.69
Year-over-Year Change
41.89%
Date Range
1/1/1960 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Mauritania tracks the value of the Mauritanian ouguiya relative to the U.S. dollar. This metric is crucial for analyzing Mauritania'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 Mauritania measures the exchange rate between the Mauritanian ouguiya and the U.S. dollar. This data is used by economists, policymakers, and businesses to assess Mauritania's economic performance and trade dynamics.
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 widely monitored for its implications on Mauritania's import/export activity and overall economic health.
Key Facts
- The Mauritanian ouguiya has been Mauritania's official currency since 1973.
- Mauritania is a major exporter of iron ore, gold, and fish products.
- The exchange rate is a key indicator of Mauritania's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Mauritania measures the value of the Mauritanian ouguiya relative to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is crucial for analyzing Mauritania's international trade, economic performance, and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates and estimates.
Q: How is this trend used in economic policy?
A: The exchange rate is widely monitored by economists, policymakers, and businesses for its implications on Mauritania's import/export activity and overall economic health.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with minimal delays, providing timely insights into Mauritania's exchange rate dynamics.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Mauritania (XRNCUSMRA618NRUG), retrieved from FRED.