National currency, Sum Over Component Sub-periods, Annual
BPCRTD01JPA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,969,500,000,000.00
Year-over-Year Change
43.76%
Date Range
1/1/1985 - 1/1/2013
Summary
This economic trend measures the total annual value of the Japanese yen in relation to other national currencies. It is a key indicator of exchange rate movements and global trade dynamics.
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 National currency, Sum Over Component Sub-periods, Annual trend tracks the aggregate value of the Japanese yen across all trading days in a given year. It provides insight into the yen's performance and strength relative to other major world currencies.
Methodology
The data is calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Historical Context
This trend is widely followed by economists, policymakers, and market analysts to assess Japan's trade competitiveness and the broader global currency landscape.
Key Facts
- The yen is one of the world's major reserve currencies.
- Japan is a leading exporter, so the yen's value impacts its trade balance.
- Currency movements affect the competitiveness of Japanese exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total annual value of the Japanese yen in relation to other national currencies. It tracks the yen's performance across all trading days in a given year.
Q: Why is this trend relevant for users or analysts?
A: The yen's value is a key indicator of Japan's trade competitiveness and the broader global currency landscape. This trend provides important insights for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Q: How is this trend used in economic policy?
A: Governments and central banks closely monitor currency trends like this to assess trade dynamics and make informed policy decisions. Analysts also use it to evaluate the competitiveness of Japanese exports.
Q: Are there update delays or limitations?
A: This annual data series is published with a short lag, providing timely insights on the yen's performance over the prior calendar year.
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Citation
U.S. Federal Reserve, National currency, Sum Over Component Sub-periods, Annual (BPCRTD01JPA636N), retrieved from FRED.