Interest Rates: 3-Month or 90-Day Rates and Yields: Eurodollar Deposits: Total for Switzerland
Annual
IR3TED01CHA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.79
Year-over-Year Change
-750.68%
Date Range
1/1/1974 - 1/1/2021
Summary
The 'Annual' trend measures the annual percentage change in the nominal effective exchange rate for China. It is a key indicator of the country's international competitiveness.
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 nominal effective exchange rate (NEER) is an index that tracks the value of a country's currency relative to a basket of other major currencies. The Annual trend reports the year-over-year percent change in this index for China, providing insight into the overall strength of the renminbi.
Methodology
The Federal Reserve calculates the NEER based on trade-weighted exchange rates and CPI data.
Historical Context
Economists and policymakers monitor China's NEER to gauge the nation's export competitiveness and potential trade imbalances.
Key Facts
- China is the world's second-largest economy.
- The renminbi's exchange rate is heavily managed by the Chinese government.
- The NEER accounts for both bilateral exchange rates and trade volumes.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percentage change in China's nominal effective exchange rate (NEER), which tracks the value of the renminbi against a basket of other currencies.
Q: Why is this trend relevant for users or analysts?
A: The NEER is a key indicator of a country's international competitiveness, so the Annual trend provides important insights into the strength of the renminbi and China's export position.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates the NEER based on trade-weighted exchange rates and consumer price index (CPI) data.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor China's NEER to assess the country's export competitiveness and potential trade imbalances, which can inform trade negotiations and macroeconomic policies.
Q: Are there update delays or limitations?
A: The Annual data is published with a lag, so there may be a delay in reflecting the most recent exchange rate movements. Additionally, the NEER is an index, so it does not provide the actual exchange rate level.
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Citation
U.S. Federal Reserve, Annual (IR3TED01CHA156N), retrieved from FRED.