Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for Czechia
Czech Koruna
CZEB6CATT02NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82,798,000,000.00
Year-over-Year Change
333.16%
Date Range
1/1/1993 - 10/1/2024
Summary
This economic trend measures the exchange rate between the Czech koruna and the US dollar, providing insight into the value of the Czech currency in global markets.
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 Czech koruna exchange rate is a key economic indicator for the Czech Republic, as it reflects the country's economic performance and influences trade, investment, and policymaking decisions.
Methodology
The exchange rate data is collected and reported by the Czech National Bank.
Historical Context
The koruna exchange rate is closely monitored by policymakers, investors, and analysts to assess the competitiveness of Czech exports and the overall health of the Czech economy.
Key Facts
- The Czech koruna has been the official currency of the Czech Republic since 1993.
- The Czech National Bank manages the koruna's exchange rate as part of its monetary policy objectives.
- The koruna's value is influenced by factors such as economic growth, inflation, and interest rate differentials.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate between the Czech koruna and the US dollar, providing insight into the value of the Czech currency in global markets.
Q: Why is this trend relevant for users or analysts?
A: The koruna exchange rate is a key economic indicator for the Czech Republic, as it reflects the country's economic performance and influences trade, investment, and policymaking decisions.
Q: How is this data collected or calculated?
A: The exchange rate data is collected and reported by the Czech National Bank.
Q: How is this trend used in economic policy?
A: The koruna exchange rate is closely monitored by policymakers, investors, and analysts to assess the competitiveness of Czech exports and the overall health of the Czech economy.
Q: Are there update delays or limitations?
A: The koruna exchange rate data is regularly updated and provided by the Czech National Bank.
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Citation
U.S. Federal Reserve, Czech Koruna (CZEB6CATT02NCCUQ), retrieved from FRED.