Consumer Price Index for Syrian Arab Republic
Index 2010=100, Annual, Not Seasonally Adjusted
DDOE02SYA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195.98
Year-over-Year Change
220.76%
Date Range
1/1/1960 - 1/1/2013
Summary
The Index 2010=100, Annual, Not Seasonally Adjusted trend measures a country's nominal effective exchange rate, a key indicator of international competitiveness and 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
This index tracks a country's nominal exchange rate against a basket of trading partner currencies, weighted by their share of trade. It provides insights into a nation's exchange rate policy and the impacts on exports, imports, and overall economic performance.
Methodology
The data is calculated by the World Bank using various sources for exchange rates and trade volumes.
Historical Context
Central banks and policymakers closely monitor this index to gauge the effects of exchange rate movements on the domestic economy.
Key Facts
- The index uses 2010 as the base year with a value of 100.
- It measures the trade-weighted average of a country's currency against its major trading partners.
- Changes in the index reflect the relative strength or weakness of a country's currency.
FAQs
Q: What does this economic trend measure?
A: This trend measures a country's nominal effective exchange rate, which is a trade-weighted average of its currency's value against a basket of trading partner currencies.
Q: Why is this trend relevant for users or analysts?
A: The nominal effective exchange rate is a key indicator of a country's international competitiveness and can have significant impacts on trade, investment, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using various sources for exchange rates and trade volumes.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor this index to gauge the effects of exchange rate movements on the domestic economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Index 2010=100, Annual, Not Seasonally Adjusted (DDOE02SYA086NWDB), retrieved from FRED.