Monetary Aggregates and Their Components: Broad Money and Components: M3 for Hungary
Forint, Annual, Not Seasonally Adjusted
MABMM301HUA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,774,388,710,000.00
Year-over-Year Change
154.09%
Date Range
1/1/1990 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted exchange rate of the Hungarian forint against the U.S. dollar. It is a key indicator for analyzing the competitiveness of the Hungarian economy and its 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-dollar exchange rate is a widely tracked metric that reflects the relative strength and purchasing power of the Hungarian currency. Economists and policymakers use this data to assess trade balances, inflation risks, and the overall health of the Hungarian economy.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The forint exchange rate is closely monitored by the Magyar Nemzeti Bank and factored into monetary policy decisions.
Key Facts
- The Hungarian forint is the official currency of Hungary.
- Hungary joined the European Union in 2004 but has not yet adopted the euro.
- The forint exchange rate is a barometer of the Hungarian economy's performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not 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-dollar exchange rate is a key indicator for analyzing the competitiveness of the Hungarian economy and its integration with global financial markets.
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 closely monitored by the Magyar Nemzeti Bank and factored into monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually and may not reflect short-term fluctuations in the exchange rate.
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Citation
U.S. Federal Reserve, Forint, Annual, Not Seasonally Adjusted (MABMM301HUA189N), retrieved from FRED.