Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: National Currency: USD for Costa Rica
CRICCUSSP02STQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
538.41
Year-over-Year Change
-10.80%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures the end-of-period exchange rate between the US dollar and the Costa Rican colón, providing insight into currency movements and international 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 US Dollar Exchange Rate: Spot, End of Period for Costa Rica is an important indicator that reflects the relative value of the US dollar against the Costa Rican national currency. This data point is closely monitored by economists, policymakers, and market participants to assess exchange rate fluctuations and their impacts on international commerce, investment, and economic performance.
Methodology
This exchange rate is calculated and reported by the US Federal Reserve based on market data.
Historical Context
Currency exchange rates are a critical factor in global trade, economic policy, and financial markets.
Key Facts
- The US dollar is the world's predominant reserve currency.
- Costa Rica is a major trading partner with the United States.
- Exchange rate fluctuations can impact inflation, exports, and capital flows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the end-of-period exchange rate between the US dollar and the Costa Rican colón, providing insight into the relative strength and value of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is closely monitored by economists, policymakers, and market participants to assess the impacts of currency movements on international trade, investment, and economic performance.
Q: How is this data collected or calculated?
A: The US Federal Reserve calculates and reports this exchange rate based on market data.
Q: How is this trend used in economic policy?
A: Currency exchange rates are a critical factor in global trade, economic policy, and financial markets, as they can influence inflation, exports, capital flows, and other macroeconomic indicators.
Q: Are there update delays or limitations?
A: The US Federal Reserve provides this exchange rate data on a regular basis, with minimal delays, making it a timely and reliable indicator of currency movements.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: National Currency: USD for Costa Rica (CRICCUSSP02STQ), retrieved from FRED.