Monetary Aggregates and Their Components: Broad Money and Components: M3 for Hungary
Forint, Quarterly, Not Seasonally Adjusted
MABMM301HUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,180,828,890,000.00
Year-over-Year Change
33.71%
Date Range
10/1/1990 - 7/1/2023
Summary
This economic trend measures the value of the Hungarian forint against the U.S. dollar on a quarterly, non-seasonally adjusted basis. It is a key indicator for analysts and policymakers monitoring Hungary's exchange rate and international 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 forint-dollar exchange rate is a widely tracked metric for the relative strength and competitiveness of the Hungarian economy. Economists use this data to assess the country's export potential, import costs, and overall macroeconomic performance.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and international investors closely monitor this trend to gauge Hungary's economic policies and trade position.
Key Facts
- The forint has been Hungary's official currency since 1946.
- Hungary joined the European Union in 2004 but has not yet adopted the euro.
- The forint is one of the most actively traded emerging market currencies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, non-seasonally adjusted exchange rate between the Hungarian forint and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The forint-dollar exchange rate is a key indicator of Hungary's international economic competitiveness and trade dynamics.
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: Policymakers and international investors closely monitor this trend to assess Hungary's economic policies and trade position.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Forint, Quarterly, Not Seasonally Adjusted (MABMM301HUQ189N), retrieved from FRED.