Exchange Rate (market+estimated) for Sudan
XRNCUSSDA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.47
Year-over-Year Change
2899.58%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the exchange rate between the Sudanese pound and the U.S. dollar, including both market-based and estimated rates. It provides important insights into Sudan's currency valuation and international 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 Sudan tracks the value of the Sudanese pound relative to the U.S. dollar, drawing on both observed market rates and estimated non-market rates. This comprehensive metric helps economists and policymakers assess Sudan's currency competitiveness and international economic position.
Methodology
The data is collected from a combination of market observations and estimated non-market exchange rates.
Historical Context
This trend is closely monitored by economists, financial analysts, and policymakers to understand Sudan's economic conditions and trade relationships.
Key Facts
- The Sudanese pound has experienced significant volatility against the U.S. dollar.
- Exchange rate movements impact Sudan's import/export competitiveness and inflation.
- Policymakers use this metric to assess the effectiveness of currency management policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate between the Sudanese pound and the U.S. dollar, including both observed market rates and estimated non-market rates.
Q: Why is this trend relevant for users or analysts?
A: This comprehensive exchange rate metric is crucial for understanding Sudan's currency valuation, international trade dynamics, and the effectiveness of economic policies.
Q: How is this data collected or calculated?
A: The data is a combination of observed market exchange rates and estimated non-market rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this exchange rate trend to assess Sudan's economic competitiveness, inflation pressures, and the impact of currency management policies.
Q: Are there update delays or limitations?
A: The data may be subject to delays or limitations in capturing non-market exchange rate estimates.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Sudan (XRNCUSSDA618NRUG), retrieved from FRED.