Exchange Rate (market+estimated) for Niger
XRNCUSNEA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
585.91
Year-over-Year Change
22.25%
Date Range
1/1/1960 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Niger tracks the value of the Niger currency, the West African CFA franc, relative to the U.S. dollar. This metric is crucial for analyzing Niger's international trade and economic 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 Niger represents the price of the West African CFA franc in U.S. dollars. This exchange rate is a key indicator of Niger's economic health and trade dynamics, as it reflects the country's import/export activity and international purchasing power.
Methodology
The data is collected by monitoring currency markets and estimating the CFA franc's value against the U.S. dollar.
Historical Context
Policymakers and analysts use this exchange rate to assess Niger's economic performance and competitiveness.
Key Facts
- The CFA franc is the official currency of Niger and 13 other West African countries.
- Niger's exchange rate is heavily influenced by the French Treasury, which guarantees the fixed parity of the CFA franc.
- The Exchange Rate (market+estimated) for Niger is published by the U.S. Federal Reserve's FRED database.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Niger tracks the value of the West African CFA franc in relation to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is a crucial indicator of Niger's international trade, economic competitiveness, and purchasing power.
Q: How is this data collected or calculated?
A: The data is collected by monitoring currency markets and estimating the CFA franc's value against the U.S. dollar.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate to assess Niger's economic performance and trade dynamics.
Q: Are there update delays or limitations?
A: The Exchange Rate (market+estimated) for Niger is published regularly by the U.S. Federal Reserve's FRED database.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Niger (XRNCUSNEA618NRUG), retrieved from FRED.