Labor Compensation: Earnings: Private Sector: Monthly for Hungary
Forint, Quarterly, Not Seasonally Adjusted
LCEAPR03HUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
568,196.33
Year-over-Year Change
40.91%
Date Range
1/1/1992 - 10/1/2022
Summary
This series tracks the quarterly, non-seasonally adjusted exchange rate of the Hungarian forint against the U.S. dollar. It is a key indicator of Hungary's economic performance and integration with global financial markets.
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 forint/USD exchange rate reflects the value of the Hungarian currency relative to the U.S. dollar. Economists and policymakers monitor this trend to assess Hungary's international trade competitiveness, capital flows, and macroeconomic stability.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and analysts use the forint exchange rate to inform decisions on monetary policy, foreign investment, and economic growth strategies.
Key Facts
- The forint has fluctuated significantly against the dollar over the past decade.
- Hungary's central bank closely monitors the forint exchange rate to maintain price stability.
- The forint/USD rate is a barometer of Hungary's economic competitiveness and integration with global markets.
FAQs
Q: What does this economic trend measure?
A: This series tracks the quarterly, non-seasonally adjusted exchange rate of the Hungarian forint against the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The forint/USD exchange rate is a key indicator of Hungary's economic performance and integration with global financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the forint exchange rate to inform decisions on monetary policy, foreign investment, and economic growth strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with no significant update delays.
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Citation
U.S. Federal Reserve, Forint, Quarterly, Not Seasonally Adjusted (LCEAPR03HUQ189N), retrieved from FRED.