International Merchandise Trade Statistics: Imports: Commodities for Hungary
Forint, Annual, Not Seasonally Adjusted
XTIMVA01HUA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,412,000,000,000.00
Year-over-Year Change
146.96%
Date Range
1/1/1976 - 1/1/2024
Summary
The 'Forint, Annual, Not Seasonally Adjusted' trend measures the annual exchange rate between the Hungarian forint and the U.S. dollar. This metric is important for economists and policymakers to assess Hungary's economic performance and competitiveness in global trade.
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-dollar exchange rate is a key indicator of Hungary's economic and financial conditions. It reflects the value of the Hungarian currency relative to the U.S. dollar, which is a widely used global reference. Analysts use this trend to evaluate Hungary's trade balance, import/export dynamics, and overall macroeconomic stability.
Methodology
The data is collected by the U.S. Federal Reserve through direct monitoring of currency exchange markets.
Historical Context
The forint exchange rate is closely watched by the National Bank of Hungary and factored into the country's monetary and fiscal policies.
Key Facts
- The Hungarian forint is the official currency of Hungary.
- Hungary joined the European Union in 2004 but has not yet adopted the euro.
- The forint-dollar exchange rate has fluctuated significantly over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Forint, Annual, Not Seasonally Adjusted' trend measures the annual exchange rate between the Hungarian forint and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Hungary's economic performance, trade competitiveness, and overall macroeconomic stability.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through direct monitoring of currency exchange markets.
Q: How is this trend used in economic policy?
A: The forint exchange rate is closely watched by the National Bank of Hungary and factored into the country's monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually without significant delays.
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Citation
U.S. Federal Reserve, Forint, Annual, Not Seasonally Adjusted (XTIMVA01HUA664N), retrieved from FRED.