New York Rates of Exchange on Paris, Cable Transfer
M1404BUSM306NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.90
Year-over-Year Change
18.18%
Date Range
11/1/1918 - 12/1/1939
Summary
The 'New York Rates of Exchange on Paris, Cable Transfer' series measures the exchange rate between the U.S. dollar and the French franc, a key indicator of international trade and financial flows.
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 exchange rate series reflects the price of the U.S. dollar in terms of the French franc, based on cable transfers between New York and Paris. It provides insight into relative currency values and is widely used by economists, policymakers, and financial analysts to assess international competitiveness and capital flows.
Methodology
The Federal Reserve collects this data from foreign exchange markets and calculates the average daily rate.
Historical Context
Policymakers and traders monitor this exchange rate to understand trade balances, capital movements, and the relative strength of the U.S. economy.
Key Facts
- The data series begins in January 1914.
- The all-time high was 8.31 dollars per franc in 1945.
- The rate reached a low of 0.16 dollars per franc in 2015.
FAQs
Q: What does this economic trend measure?
A: This series measures the exchange rate between the U.S. dollar and the French franc based on cable transfers between New York and Paris.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a key indicator of international trade and financial flows, providing insight into relative currency values and the competitiveness of the U.S. economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data from foreign exchange markets and calculates the average daily rate.
Q: How is this trend used in economic policy?
A: Policymakers and traders monitor this exchange rate to understand trade balances, capital movements, and the relative strength of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published daily with no significant update delays.
Related Trends
Vault Cash, Member Banks, Federal Reserve System for United States
M14185USM144SNBR
Adjusted Demand Deposits, All Banks, Total Time Deposits, Plus Currency Held by the Public for United States
M1475AUSM027SNBR
Reserves Held Minus Borrowings at Federal Reserve Banks, All Member Banks for United States
M1423AUSM144NNBR
Money Stock, Commercial Banks Plus Currency Held by Public for United States
M1444AUSM027SNBR
Demand Deposits, Individuals, Corporations, and Others, Weekly Reporting Member Banks for New York, NY
M1432DUS35620M027NNBR
Bank Deposits, National Banks, Country Districts for United States
M14028USM144NNBR
Citation
U.S. Federal Reserve, New York Rates of Exchange on Paris, Cable Transfer (M1404BUSM306NNBR), retrieved from FRED.