Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Hungary
Forint, Annual, Not Seasonally Adjusted
MANMM101HUA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,971,683,550,000.00
Year-over-Year Change
412.01%
Date Range
1/1/1993 - 1/1/2022
Summary
The 'Forint, Annual, Not Seasonally Adjusted' trend measures the annual exchange rate between the Hungarian forint and the U.S. dollar, providing insights into Hungary's economic performance 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
This exchange rate trend reflects the value of the Hungarian forint relative to the U.S. dollar on an annual basis. It is a key indicator used by economists, policymakers, and market analysts to evaluate Hungary's economic competitiveness, trade balance, and integration with global financial markets.
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 Hungarian central bank and government as they manage monetary policy and trade relationships.
Key Facts
- The Hungarian forint has been the official currency of Hungary since 1946.
- Hungary is a member of the European Union but has not yet adopted the euro.
- The forint exchange rate is influenced by factors such as inflation, interest rates, and geopolitical developments.
FAQs
Q: What does this economic trend measure?
A: The 'Forint, Annual, Not Seasonally Adjusted' trend measures the annual exchange rate between the Hungarian forint and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is crucial for evaluating Hungary's economic competitiveness, trade balance, and 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 Hungarian central bank and government as they manage monetary policy and trade relationships.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Forint, Annual, Not Seasonally Adjusted (MANMM101HUA189N), retrieved from FRED.