Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Hungary
Forint, Quarterly, Not Seasonally Adjusted
MANMM101HUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,266,403,960,000.00
Year-over-Year Change
10.62%
Date Range
4/1/1993 - 7/1/2023
Summary
The Forint, Quarterly, Not Seasonally Adjusted trend measures the quarterly value of the Hungarian forint exchange rate against a basket of major global currencies. This metric is crucial for economists and policymakers to assess Hungary's international trade and financial market 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, Quarterly, Not Seasonally Adjusted series tracks the nominal exchange rate between the Hungarian forint and a trade-weighted basket of foreign currencies on a quarterly basis. This indicator provides insight into the relative strength of the Hungarian currency and its impact on the country's international competitiveness and trade flows.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on exchange rate quotes in global currency markets.
Historical Context
Policymakers and market analysts use this trend to gauge Hungary's economic health and the effectiveness of monetary and fiscal policies.
Key Facts
- The Hungarian forint is the official currency of Hungary.
- Hungary is a member of the European Union but has not yet adopted the euro.
- The forint has experienced significant volatility against major currencies in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Forint, Quarterly, Not Seasonally Adjusted trend measures the quarterly value of the Hungarian forint exchange rate against a basket of major global currencies.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides crucial insights into Hungary's international trade dynamics and the relative strength of the Hungarian currency, which is important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on exchange rate quotes in global currency markets.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to gauge Hungary's economic health and the effectiveness of its monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, so there may be a delay in reflecting the most recent exchange rate movements.
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Citation
U.S. Federal Reserve, Forint, Quarterly, Not Seasonally Adjusted (MANMM101HUQ189N), retrieved from FRED.