National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Czech Republic
Czech Koruna, Annual
NAEXKP01CZA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,312,710,000,000.00
Year-over-Year Change
24.92%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Czech Koruna, Annual' trend measures the annual average exchange rate between the Czech koruna and the U.S. dollar. This data point is important for economists and policymakers analyzing trade, investment, and economic conditions.
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 Czech koruna is the official currency of the Czech Republic. The annual average exchange rate tracks the relative value of the koruna compared to the U.S. dollar over a given year, which is a key indicator of the country's economic performance and international competitiveness.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This trend is widely used by analysts, investors, and policymakers to assess the Czech economy's trade dynamics and broader macroeconomic health.
Key Facts
- The Czech koruna is denoted by the currency code CZK.
- The Czech Republic adopted the koruna in 1993 after the dissolution of Czechoslovakia.
- The annual average exchange rate is calculated from daily spot rates.
FAQs
Q: What does this economic trend measure?
A: The 'Czech Koruna, Annual' trend measures the average annual exchange rate between the Czech koruna and the U.S. dollar over a given year.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the Czech economy's trade dynamics, international competitiveness, and broader macroeconomic health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve, calculated from daily spot exchange rates.
Q: How is this trend used in economic policy?
A: Analysts, investors, and policymakers use this trend to assess the Czech Republic's trade conditions, currency movements, and overall economic performance.
Q: Are there update delays or limitations?
A: The annual data is typically released with a short delay, and may not fully capture intra-year exchange rate fluctuations.
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Citation
U.S. Federal Reserve, Czech Koruna, Annual (NAEXKP01CZA189S), retrieved from FRED.