Exchange Rate (market+estimated) for South Africa
XRNCUSZAA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.45
Year-over-Year Change
105.08%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for South Africa measures the value of the South African rand relative to the U.S. dollar. This key economic indicator is closely watched by policymakers and international investors to assess South Africa'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 South Africa represents the market exchange rate between the rand and U.S. dollar, as well as estimated rates when market data is unavailable. This time series is a crucial benchmark for evaluating South Africa's trade dynamics, capital flows, and macroeconomic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates and estimates.
Historical Context
Policymakers and analysts use this exchange rate trend to inform decisions around monetary policy, international trade, and investments.
Key Facts
- The rand has depreciated over 50% against the U.S. dollar since 2010.
- South Africa is a major emerging market economy and member of the G20.
- Exchange rate movements impact South Africa's import/export competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for South Africa measures the value of the South African rand relative to the U.S. dollar, capturing both market exchange rates and estimated rates.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is a critical benchmark for evaluating South Africa's economic performance, trade dynamics, and global 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: Policymakers and analysts use this exchange rate trend to inform decisions around monetary policy, international trade, and investments.
Q: Are there update delays or limitations?
A: The data is updated regularly, but may include estimated values when market data is unavailable.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for South Africa (XRNCUSZAA618NRUG), retrieved from FRED.