International Merchandise Trade Statistics: Trade Balance: Commodities for Switzerland
Swiss Franc, Monthly, Seasonally Adjusted
XTNTVA01CHM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,043,309,000.00
Year-over-Year Change
113.38%
Date Range
1/1/1955 - 12/1/2024
Summary
The Swiss Franc, Monthly, Seasonally Adjusted series tracks the value of the Swiss franc against other major currencies on a monthly basis, with seasonal factors removed. This trend is closely monitored by economists and policymakers to assess Switzerland's international trade and competitiveness.
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 Swiss franc is the official currency of Switzerland and Liechtenstein. This series measures the nominal exchange rate of the Swiss franc against a broad basket of currencies, adjusted for seasonal variations. It provides insights into Switzerland's trade balance, inflation, and economic policies.
Methodology
The data is collected and calculated by the Swiss National Bank based on daily exchange rate observations.
Historical Context
Central banks and economists use this trend to evaluate Switzerland's monetary policy and exchange rate management.
Key Facts
- The Swiss franc is one of the world's most stable and widely traded currencies.
- Switzerland has maintained a policy of currency neutrality and exchange rate flexibility.
- The Swiss National Bank closely monitors the franc's value to support economic and price stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the nominal exchange rate of the Swiss franc against a broad basket of currencies, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Switzerland's trade balance, inflation, and the effectiveness of its monetary and exchange rate policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Swiss National Bank based on daily exchange rate observations.
Q: How is this trend used in economic policy?
A: Central banks and economists use this trend to evaluate Switzerland's monetary policy and exchange rate management, which are crucial for maintaining the country's economic stability and competitiveness.
Q: Are there update delays or limitations?
A: The Swiss Franc exchange rate data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Swiss Franc, Monthly, Seasonally Adjusted (XTNTVA01CHM664S), retrieved from FRED.