National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Hungary
Forint, Annual
NAEXKP01HUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,003,571,000,000.00
Year-over-Year Change
39.31%
Date Range
1/1/1995 - 1/1/2022
Summary
The Forint, Annual trend measures the average annual exchange rate between the Hungarian forint and the U.S. dollar. This metric is closely watched by economists and policymakers to assess Hungary's economic performance and international 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, Annual series tracks the yearly average of the daily nominal exchange rate between the Hungarian forint and the U.S. dollar. This data point provides insight into Hungary's economic conditions and is used to analyze trade dynamics, inflationary pressures, and the country's relative position in global markets.
Methodology
The data is calculated by the U.S. Federal Reserve based on daily foreign exchange rate quotations.
Historical Context
The Forint, Annual trend is a key indicator referenced by central banks, international organizations, and market analysts when evaluating Hungary's macroeconomic policies and economic trajectory.
Key Facts
- The Hungarian forint is the official currency of Hungary.
- Hungary joined the European Union in 2004 but has not adopted the euro.
- The forint has experienced significant fluctuations against the U.S. dollar over the past two decades.
FAQs
Q: What does this economic trend measure?
A: The Forint, Annual trend measures the yearly average exchange rate between the Hungarian forint and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Hungary's economic performance and international competitiveness, which is valuable for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on daily foreign exchange rate quotations.
Q: How is this trend used in economic policy?
A: The Forint, Annual trend is referenced by central banks, international organizations, and market analysts when evaluating Hungary's macroeconomic policies and economic trajectory.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as the series is updated regularly by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Forint, Annual (NAEXKP01HUA189S), retrieved from FRED.