Real Effective Exchange Rate as Based on Consumer Price Index for Madagascar
MDGEREERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.74
Year-over-Year Change
4.45%
Date Range
1/1/2000 - 1/1/2024
Summary
The Real Effective Exchange Rate (REER) as Based on Consumer Price Index for Madagascar measures the competitiveness of the Malagasy currency relative to its trading partners.
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 REER is an important economic indicator that tracks a country's exchange rate adjusted for inflation. It provides insights into a nation's trade balance and can inform policymakers' decisions on monetary and fiscal policies.
Methodology
The data is calculated based on exchange rates and consumer price indexes.
Historical Context
Economists and policymakers use the Madagascar REER to evaluate the country's trade position and competitiveness.
Key Facts
- Madagascar's REER has increased by 10% over the past 5 years.
- A higher REER indicates the Malagasy currency is appreciating in real terms.
- The REER is an important metric for assessing Madagascar's export competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) as Based on Consumer Price Index for Madagascar measures the competitiveness of the Malagasy currency relative to its trading partners.
Q: Why is this trend relevant for users or analysts?
A: The Madagascar REER provides insights into the country's trade balance and can inform policymakers' decisions on monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated based on exchange rates and consumer price indexes.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the Madagascar REER to evaluate the country's trade position and competitiveness.
Q: Are there update delays or limitations?
A: The REER data may be subject to delays in data collection and reporting by the relevant authorities.
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Citation
U.S. Federal Reserve, Real Effective Exchange Rate as Based on Consumer Price Index for Madagascar (MDGEREERIX), retrieved from FRED.