Exchange Rate (market+estimated) for Philippines
XRNCUSPHA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.80
Year-over-Year Change
12.24%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Philippines tracks the value of the Philippine peso relative to the U.S. dollar. This metric is crucial for understanding the competitiveness of Philippine exports and imports, as well as the overall health of the country's economy.
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 Philippines represents the market exchange rate, including both official and estimated parallel market rates, between the Philippine peso and the U.S. dollar. This trend is a key indicator of the Philippine economy's performance and is closely monitored by policymakers, investors, and international trade partners.
Methodology
The data is compiled by the U.S. Federal Reserve from various sources, including official government statistics and market estimates.
Historical Context
The exchange rate is a vital factor in economic policy decisions, affecting trade balances, inflation, and capital flows.
Key Facts
- The Philippines is a major trading partner for the United States.
- The exchange rate reflects the relative strength of the Philippine economy.
- Fluctuations in the exchange rate can impact the cost of imports and exports.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Philippines measures the value of the Philippine peso relative to the U.S. dollar, including both official and estimated parallel market rates.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the competitiveness of Philippine exports and imports, as well as the overall health of the country's economy.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Federal Reserve from various sources, including official government statistics and market estimates.
Q: How is this trend used in economic policy?
A: The exchange rate is a vital factor in economic policy decisions, affecting trade balances, inflation, and capital flows.
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 based on the availability of source information.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Philippines (XRNCUSPHA618NRUG), retrieved from FRED.