Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for France
CCUSSP01FRM650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
3.60%
Date Range
1/1/1960 - 12/1/2023
Summary
This economic trend tracks the spot exchange rate between the US dollar and the French franc, measured at the end of each period. It provides insights into the relative strength of the US currency and is important for understanding international trade and financial flows.
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 US Dollar Exchange Rate: Spot, End of Period measures the value of the US dollar relative to the French franc on the last day of a given period. This data point is widely used by economists, policymakers, and market analysts to assess the competitiveness of US exports and the purchasing power of the dollar in international transactions.
Methodology
The data is collected by the US Federal Reserve through direct market observations.
Historical Context
This exchange rate trend is a key indicator for understanding the dynamics of global currency markets and their impact on the US economy.
Key Facts
- The US dollar-French franc exchange rate is quoted in units of French francs per US dollar.
- This trend can be used to track the purchasing power of the US dollar in the French market.
- Exchange rate fluctuations impact the competitiveness of US exports and the cost of French imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the spot exchange rate between the US dollar and the French franc at the end of each period, providing insights into the relative strength of the US currency.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate data is widely used by economists, policymakers, and market analysts to assess the competitiveness of US exports and the purchasing power of the dollar in international transactions.
Q: How is this data collected or calculated?
A: The data is collected by the US Federal Reserve through direct market observations.
Q: How is this trend used in economic policy?
A: This exchange rate trend is a key indicator for understanding the dynamics of global currency markets and their impact on the US economy, which is essential for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is provided by the US Federal Reserve and may be subject to any update delays or limitations inherent in their data collection and reporting processes.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for France (CCUSSP01FRM650N), retrieved from FRED.