Monetary Aggregates and Their Components: Broad Money and Components: M3 for Czech Republic
Czech Koruna, Annual
MABMM301CZA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,807,746,883,333.33
Year-over-Year Change
117.86%
Date Range
1/1/1992 - 1/1/2022
Summary
The Czech Koruna, Annual trend measures the annual average exchange rate between the Czech Koruna and the U.S. Dollar. This metric is important for economists and policymakers analyzing trade, investment, and the broader macroeconomic environment in the Czech Republic.
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 Czech Koruna, Annual trend tracks the yearly average value of the Czech Republic's national currency relative to the U.S. Dollar. This exchange rate is a key indicator of a country's economic performance and competitiveness in international markets.
Methodology
This data is collected and published by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Czech Koruna exchange rate is closely monitored by the Czech National Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The Czech Koruna has been the official currency of the Czech Republic since 1993.
- The Czech Republic joined the European Union in 2004 but has not yet adopted the Euro.
- The Czech National Bank targets inflation and uses the exchange rate as a key policy tool.
FAQs
Q: What does this economic trend measure?
A: The Czech Koruna, Annual trend measures the yearly average exchange rate between the Czech Koruna and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: The Czech Koruna exchange rate is a critical indicator of the Czech Republic's economic performance and competitiveness, making it important for economists, policymakers, and market participants to monitor.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Czech National Bank closely tracks the Koruna exchange rate to inform its monetary and fiscal policy decisions aimed at maintaining economic stability and growth.
Q: Are there update delays or limitations?
A: The Czech Koruna, Annual data is published by the Federal Reserve with a typical delay of several months.
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Citation
U.S. Federal Reserve, Czech Koruna, Annual (MABMM301CZA189S), retrieved from FRED.