International Merchandise Trade Statistics: Exports: Commodities for Czechia
Czech Koruna, Not Seasonally Adjusted
XTEXVA01CZQ664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,579,089,000,000.00
Year-over-Year Change
18.63%
Date Range
1/1/1991 - 1/1/2025
Summary
This trend measures the nominal exchange rate between the Czech koruna and the U.S. dollar. It is a key economic indicator for analysts and policymakers tracking the international competitiveness of the Czech 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 Czech koruna/U.S. dollar exchange rate reflects the relative value of the two currencies in foreign exchange markets. This trend is widely used to assess a country's trade balance, inflation pressures, and overall economic performance.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on foreign exchange market observations.
Historical Context
Central banks and economic policymakers monitor exchange rate trends to inform monetary and fiscal policies.
Key Facts
- The Czech koruna has been the official currency of the Czech Republic since 1993.
- The Czech Republic joined the European Union in 2004 but has not yet adopted the euro.
- The Czech National Bank has historically intervened to manage the koruna's exchange rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the nominal exchange rate between the Czech koruna and the U.S. dollar, reflecting the relative value of the two currencies in foreign exchange markets.
Q: Why is this trend relevant for users or analysts?
A: The Czech koruna/U.S. dollar exchange rate is a key indicator of the Czech economy's international competitiveness, trade balance, and inflation pressures.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on foreign exchange market observations.
Q: How is this trend used in economic policy?
A: Central banks and economic policymakers monitor exchange rate trends to inform monetary and fiscal policies that can impact trade, inflation, and overall economic performance.
Q: Are there update delays or limitations?
A: The exchange rate data is reported regularly by the Federal Reserve with minimal delays, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, Czech Koruna, Not Seasonally Adjusted (XTEXVA01CZQ664N), retrieved from FRED.