Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Hungary
Forint, Quarterly, Seasonally Adjusted
MANMM101HUQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,448,648,620,000.00
Year-over-Year Change
10.52%
Date Range
4/1/1993 - 7/1/2023
Summary
The Forint, Quarterly, Seasonally Adjusted series measures the quarterly, seasonally adjusted values of the Hungarian forint. This metric is closely watched by economists and policymakers to assess the country's economic performance and competitiveness.
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, Seasonally Adjusted data provides insights into the exchange rate of the Hungarian national currency, the forint, on a quarterly basis with seasonal adjustments. This series is a key indicator of Hungary's economic health and can influence trade, investment, and monetary policy decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official exchange rate information.
Historical Context
Economists and policymakers use this series to evaluate Hungary's economic conditions and competitiveness in global markets.
Key Facts
- The Hungarian forint is the official currency of Hungary.
- The forint has been in use since 1946, replacing the pengő.
- Hungary joined the European Union in 2004 but has not yet adopted the euro.
FAQs
Q: What does this economic trend measure?
A: The Forint, Quarterly, Seasonally Adjusted series measures the quarterly, seasonally adjusted exchange rate of the Hungarian forint, the national currency of Hungary.
Q: Why is this trend relevant for users or analysts?
A: This series is a key indicator of Hungary's economic performance and competitiveness, providing insights that are useful for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on official exchange rate information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this series to evaluate Hungary's economic conditions and competitiveness in global markets, which can inform trade, investment, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a potential for minor delays due to the time required for collection and processing.
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Citation
U.S. Federal Reserve, Forint, Quarterly, Seasonally Adjusted (MANMM101HUQ189S), retrieved from FRED.