Exchange Rate to U.S. Dollar for Ecuador
FXRATEECA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1950 - 1/1/2010
Summary
The 'Exchange Rate to U.S. Dollar for Ecuador' series measures the value of the Ecuadorian currency in terms of the U.S. dollar. This data is crucial for understanding Ecuador's international trade, economic competitiveness, and financial stability.
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 exchange rate between the Ecuadorian sucre and the U.S. dollar is an important economic indicator for Ecuador, as it reflects the country's economic performance and its relationship with global markets. This data is used by policymakers, investors, and analysts to assess Ecuador's economic conditions and make informed decisions.
Methodology
This data is collected and reported by the Ecuadorian Central Bank.
Historical Context
The exchange rate is a key factor in Ecuador's trade and investment policies.
Key Facts
- Ecuador officially adopted the U.S. dollar as its official currency in 2000.
- The exchange rate has remained stable at 1 U.S. dollar = 1 Ecuadorian sucre since dollarization.
- Ecuador's economy is heavily dependent on exports, making the exchange rate a crucial factor.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate between the Ecuadorian sucre and the U.S. dollar, which reflects the value of Ecuador's currency relative to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a crucial indicator for understanding Ecuador's economic performance, international trade, and financial stability. It is used by policymakers, investors, and analysts to make informed decisions.
Q: How is this data collected or calculated?
A: This data is collected and reported by the Ecuadorian Central Bank.
Q: How is this trend used in economic policy?
A: The exchange rate is a key factor in Ecuador's trade and investment policies, as it affects the country's economic competitiveness and ability to participate in global markets.
Q: Are there update delays or limitations?
A: The data is reported regularly by the Ecuadorian Central Bank, with minimal update delays. However, users should be aware of any potential changes or policy shifts that may affect the exchange rate.
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Citation
U.S. Federal Reserve, Exchange Rate to U.S. Dollar for Ecuador (FXRATEECA618NUPN), retrieved from FRED.