National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Czech Republic
Czech Koruna, Annual
NAEXKP03CZA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,030,569,000,000.00
Year-over-Year Change
17.34%
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 data is critical for understanding the Czech economy's external competitiveness and trade dynamics.
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 exchange rate between the Czech national currency and the U.S. Dollar. This metric is widely used by economists, policymakers, and market analysts to assess the relative strength of the Czech economy and its trade position.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official exchange rate information.
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 assessments.
Key Facts
- The Czech Koruna is the official currency of the Czech Republic.
- The Czech Republic joined the European Union in 2004 but has not yet adopted the Euro.
- The Czech National Bank monitors the Koruna exchange rate as a key policy tool.
FAQs
Q: What does this economic trend measure?
A: The Czech Koruna, Annual trend measures the average annual exchange rate between the Czech national currency and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: The Czech Koruna exchange rate is a critical indicator of the Czech economy's external competitiveness and trade dynamics, used by economists, policymakers, and market analysts.
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: The Czech Koruna exchange rate is closely monitored by the Czech National Bank and other institutions as a key input for policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The annual data is published by the Federal Reserve with a typical 1-2 month delay after the end of the calendar year.
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Citation
U.S. Federal Reserve, Czech Koruna, Annual (NAEXKP03CZA189S), retrieved from FRED.