International Merchandise Trade Statistics: Exports: Commodities for Hungary
Forint, Seasonally Adjusted
XTEXVA01HUM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,830,671,000,000.00
Year-over-Year Change
0.45%
Date Range
1/1/1976 - 6/1/2025
Summary
The Forint, Seasonally Adjusted series measures the value of the Hungarian forint against a trade-weighted basket of currencies on a seasonally adjusted basis. This provides insight into Hungary's international trade 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 Forint, Seasonally Adjusted series tracks the nominal exchange rate of the Hungarian forint against a basket of foreign currencies. Economists use this data to assess Hungary's international competitiveness and the impact of exchange rate fluctuations on the country's exports and imports.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official exchange rate information.
Historical Context
Policymakers and analysts monitor this trend to understand Hungary's trade dynamics and the potential impact on the broader economy.
Key Facts
- The forint is the official currency of Hungary.
- Hungary is a member of the European Union but does not use the euro.
- The forint has experienced both appreciation and depreciation against major currencies in recent years.
FAQs
Q: What does this economic trend measure?
A: The Forint, Seasonally Adjusted series measures the value of the Hungarian forint against a trade-weighted basket of currencies on a seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Hungary's international trade competitiveness and the potential impact of exchange rate fluctuations on the country's exports and imports.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on official exchange rate information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand Hungary's trade dynamics and the potential impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the timely release of official exchange rate information by the relevant authorities.
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Citation
U.S. Federal Reserve, Forint, Seasonally Adjusted (XTEXVA01HUM664S), retrieved from FRED.