International Merchandise Trade Statistics: Exports: Commodities for Czechia
Czech Koruna, Annual, Seasonally Adjusted
XTEXVA01CZA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,081,040,000,000.00
Year-over-Year Change
97.55%
Date Range
1/1/1991 - 1/1/2024
Summary
The Czech Koruna, Annual, Seasonally Adjusted trend measures the annual exchange rate between the Czech koruna and the U.S. dollar, adjusted for seasonal factors. This metric is important for evaluating the relative strength of the Czech currency and its implications for trade, investment, and economic performance.
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 Czech Koruna, Annual, Seasonally Adjusted trend represents the yearly average of the daily exchange rate between the Czech koruna and the U.S. dollar, with seasonal variations removed. This data point is widely used by economists, policymakers, and investors to analyze the competitiveness of the Czech economy and its trade dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Czech koruna exchange rate is a key indicator monitored by the Czech National Bank and other institutions for informing monetary and fiscal policies.
Key Facts
- The Czech koruna has been the official currency of the Czech Republic since 1993.
- The Czech National Bank targets inflation and exchange rate stability as part of its monetary policy.
- The Czech Republic is a member of the European Union but has not yet adopted the euro.
FAQs
Q: What does the Czech Koruna, Annual, Seasonally Adjusted trend measure?
A: This trend measures the yearly average exchange rate between the Czech koruna and the U.S. dollar, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: The Czech koruna exchange rate is a key indicator of the Czech economy's competitiveness and is used by policymakers, investors, and economists to inform decisions and analysis.
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.
Q: How is this trend used in economic policy?
A: The Czech National Bank and other institutions monitor the Czech koruna exchange rate to inform monetary and fiscal policies aimed at maintaining economic stability and growth.
Q: Are there update delays or limitations?
A: The data is released with a lag, and may be subject to revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Czech Koruna, Annual, Seasonally Adjusted (XTEXVA01CZA664S), retrieved from FRED.