International Merchandise Trade Statistics: Imports: Commodities for Czechia
Czech Koruna, Annual, Not Seasonally Adjusted
XTIMVA01CZA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,410,788,000,000.00
Year-over-Year Change
95.55%
Date Range
1/1/1991 - 1/1/2024
Summary
This annual economic trend measures the value of the Czech koruna against the U.S. dollar. It is a key indicator of the Czech Republic's economic performance and its exchange rate policy.
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 is the official currency of the Czech Republic. This annual, not seasonally adjusted series tracks the average exchange rate between the koruna and the U.S. dollar over a given year. It is used by economists and policymakers to assess the country's trade competitiveness and inflationary pressures.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The koruna's exchange rate is closely monitored by the Czech National Bank and influences the country's monetary and trade policies.
Key Facts
- The Czech Republic joined the European Union in 2004 but has not yet adopted the euro.
- The Czech National Bank has a 2% inflation target and intervenes to manage the koruna's value.
- In 2022, the koruna hit a record high against the U.S. dollar due to rising interest rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted exchange rate between the Czech koruna and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The koruna's exchange rate is a key indicator of the Czech Republic's economic performance and competitiveness. It influences the country's monetary and trade policies.
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 koruna's exchange rate is closely monitored by the Czech National Bank and factors into the country's monetary and trade policies.
Q: Are there update delays or limitations?
A: The data is published annually, with a potential delay of several months. There may be limitations in capturing short-term exchange rate volatility.
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Citation
U.S. Federal Reserve, Czech Koruna, Annual, Not Seasonally Adjusted (XTIMVA01CZA664N), retrieved from FRED.