National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Czech Republic
Czech Koruna, Annual
NAEXKP02CZA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,402,312,000,000.00
Year-over-Year Change
16.25%
Date Range
1/1/1995 - 1/1/2022
Summary
The Czech Koruna, Annual trend measures the average annual exchange rate between the Czech koruna and the U.S. dollar. This metric is crucial for analyzing international trade, competitiveness, and cross-border investment flows.
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, Annual series tracks the yearly average of the daily nominal exchange rate between the Czech currency and the U.S. dollar. This data point is used by economists, policymakers, and businesses to understand the relative strength of the Czech economy and its integration with global markets.
Methodology
The exchange rate data is collected and reported by the U.S. Federal Reserve.
Historical Context
The Czech koruna exchange rate is a key indicator monitored by the Czech National Bank and other institutions for policy decisions and market analysis.
Key Facts
- The Czech koruna has been the official currency of the Czech Republic since 1993.
- The exchange rate between the koruna and U.S. dollar averaged 22.58 in 2021.
- The Czech Republic joined the European Union in 2004 but has not yet adopted the euro.
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.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing international trade, competitiveness, and cross-border investment flows involving the Czech economy.
Q: How is this data collected or calculated?
A: The exchange rate data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Czech koruna exchange rate is a key indicator monitored by the Czech National Bank and other institutions for policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is reported annually with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Czech Koruna, Annual (NAEXKP02CZA189S), retrieved from FRED.