Exchange Rate (market+estimated) for Macao
XRNCUSMOA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.07
Year-over-Year Change
0.43%
Date Range
1/1/1970 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Macao measures the value of the Macanese pataca relative to the U.S. dollar. This trend is important for analyzing Macao's trade, tourism, and investment flows, as well as the territory's overall 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 Exchange Rate (market+estimated) for Macao represents the price of the Macanese pataca in terms of U.S. dollars. This data series is used by economists, policymakers, and market analysts to assess Macao's economic competitiveness, currency fluctuations, and the potential impacts on its export-oriented and tourism-dependent industries.
Methodology
The data is collected by the U.S. Federal Reserve through a combination of market observations and estimates.
Historical Context
This exchange rate trend is closely monitored for its implications on Macao's economic and trade policies.
Key Facts
- Macao is a special administrative region of China.
- Macao's economy is heavily dependent on gambling and tourism.
- The pataca has been pegged to the Hong Kong dollar since 1977.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Macao measures the value of the Macanese pataca relative to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for analyzing Macao's trade, tourism, and investment flows, as well as the territory's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through a combination of market observations and estimates.
Q: How is this trend used in economic policy?
A: This exchange rate trend is closely monitored for its implications on Macao's economic and trade policies.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and limitations inherent in the estimation process.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Macao (XRNCUSMOA618NRUG), retrieved from FRED.