Balance of Payments: Goods: Expenditure for Czechia
Czech Koruna, Not Seasonally Adjusted
CZEB6DBTD01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,070,256,000,000.00
Year-over-Year Change
8.77%
Date Range
1/1/1993 - 10/1/2024
Summary
This economic trend tracks the exchange rate between the Czech koruna and the U.S. dollar, providing insight into the relative strength and value of the Czech currency.
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 is the official currency of the Czech Republic. The exchange rate between the koruna and the U.S. dollar is an important indicator of the Czech economy's performance and international competitiveness.
Methodology
The data is collected and reported by the Czech National Bank.
Historical Context
Policymakers and analysts monitor the koruna's exchange rate to assess the country's trade balance, inflation, and overall economic conditions.
Key Facts
- The Czech koruna is the currency of the Czech Republic.
- The koruna is divided into 100 hellers.
- The Czech Republic joined the European Union in 2004.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate between the Czech koruna and the U.S. dollar, which reflects the relative value of the Czech currency.
Q: Why is this trend relevant for users or analysts?
A: The koruna's exchange rate is an important indicator of the Czech economy's performance and international competitiveness, making it relevant for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Czech National Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the koruna's exchange rate to assess the country's trade balance, inflation, and overall economic conditions, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data is reported in a timely manner, but may be subject to revisions or changes in methodology by the Czech National Bank.
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Citation
U.S. Federal Reserve, Czech Koruna, Not Seasonally Adjusted (CZEB6DBTD01NCCUQ), retrieved from FRED.