Monetary Aggregates and Their Components: Broad Money and Components: M3 for Czech Republic
Czech Koruna, Monthly
MABMM301CZM189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,698,400,000,000.00
Year-over-Year Change
12.76%
Date Range
12/1/1991 - 11/1/2023
Summary
The 'Czech Koruna, Monthly' series tracks the monthly exchange rate between the Czech Republic's currency, the koruna, and the U.S. dollar. This data point is a key indicator of the Czech economy's performance 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
The Czech koruna is the official currency of the Czech Republic. The 'Czech Koruna, Monthly' series reports the average monthly exchange rate between the koruna and the U.S. dollar, which is a widely followed measure of the koruna's strength and the Czech economy's competitiveness.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Economists and policymakers monitor the koruna exchange rate to assess the Czech Republic's trade balance, import/export activity, and overall economic health.
Key Facts
- The Czech Republic joined the European Union in 2004.
- The koruna has been the official currency since 1993.
- The Czech National Bank manages the country's monetary policy.
FAQs
Q: What does this economic trend measure?
A: The 'Czech Koruna, Monthly' series tracks the average monthly exchange rate between the Czech koruna and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The koruna exchange rate is a key indicator of the Czech economy's performance and trade dynamics, which is important for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the koruna exchange rate to assess the Czech Republic's trade balance, import/export activity, and overall economic health.
Q: Are there update delays or limitations?
A: The 'Czech Koruna, Monthly' data is reported by the Federal Reserve on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Czech Koruna, Monthly (MABMM301CZM189S), retrieved from FRED.