Labor Compensation: Earnings: Manufacturing: Monthly for Hungary
Forint, Annual, Not Seasonally Adjusted
LCEAMN03HUA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
529,892.50
Year-over-Year Change
164.16%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Forint, Annual, Not Seasonally Adjusted' trend measures the annual exchange rate of the Hungarian forint against the US dollar. It is a key economic indicator tracked by policymakers and analysts to assess Hungary's 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 annual series represents the average exchange rate of the Hungarian forint (HUF) to the US dollar (USD) over a 12-month period. It is a widely referenced metric for evaluating the strength and purchasing power of the Hungarian currency in global markets.
Methodology
The data is collected and reported by the Federal Reserve based on market exchange rates.
Historical Context
The forint exchange rate is closely monitored by the Magyar Nemzeti Bank and other Hungarian economic institutions to inform monetary and fiscal policies.
Key Facts
- The forint has depreciated over 50% against the US dollar since 2010.
- Hungary's forint is a free-floating currency, unlike the currencies of some neighboring countries.
- The forint's exchange rate is an important factor in Hungary's inflation and export dynamics.
FAQs
Q: What does this economic trend measure?
A: The 'Forint, Annual, Not Seasonally Adjusted' trend measures the average annual exchange rate between the Hungarian forint and the US dollar.
Q: Why is this trend relevant for users or analysts?
A: The forint exchange rate is a key indicator of Hungary's international competitiveness and is closely monitored by policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The forint exchange rate is used by the Magyar Nemzeti Bank and other Hungarian institutions to inform monetary and fiscal policies aimed at maintaining economic stability and growth.
Q: Are there update delays or limitations?
A: The annual forint exchange rate data is published with minimal delay, providing timely insight into Hungary's economic performance.
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Citation
U.S. Federal Reserve, Forint, Annual, Not Seasonally Adjusted (LCEAMN03HUA189N), retrieved from FRED.