Exchange Rate (market+estimated) for Trinidad and Tobago
XRNCUSTTA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.75
Year-over-Year Change
6.74%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Trinidad and Tobago measures the value of the Trinidad and Tobago dollar relative to the U.S. dollar. This trend is a key indicator of the country's economic performance and trade 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 Trinidad and Tobago represents the price at which the Trinidad and Tobago dollar can be exchanged for the U.S. dollar. This metric is widely used by economists, policymakers, and investors to assess the country's economic health 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 closely monitored by the Central Bank of Trinidad and Tobago and other institutions to inform monetary and fiscal policies.
Key Facts
- Trinidad and Tobago is a major exporter of energy products.
- The exchange rate is a key determinant of the country's trade balance.
- The Trinidad and Tobago dollar has been pegged to the U.S. dollar since 1964.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Trinidad and Tobago measures the value of the Trinidad and Tobago dollar relative to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is a crucial indicator of Trinidad and Tobago's economic performance and trade competitiveness, used by economists, policymakers, and investors.
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 trend is closely monitored by the Central Bank of Trinidad and Tobago and other institutions to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be occasional delays or limitations in the underlying market data.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Trinidad and Tobago (XRNCUSTTA618NRUG), retrieved from FRED.