National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Hungary
Forint, Annual
NAEXKP04HUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,697,149,000,000.00
Year-over-Year Change
70.64%
Date Range
1/1/1995 - 1/1/2022
Summary
The Forint, Annual trend measures the annual exchange rate of the Hungarian forint against the U.S. dollar. This metric is important for analyzing Hungary's economic performance and trade 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 represents the yearly average market exchange rate between the Hungarian forint and the U.S. dollar. It is a key indicator used by economists, policymakers, and investors to evaluate Hungary's economic health and international trade dynamics.
Methodology
The data is collected by the Federal Reserve from market sources and calculated as the annual average of daily exchange rates.
Historical Context
The Forint, Annual trend provides context for understanding Hungary's economic policies, export competitiveness, and financial market conditions.
Key Facts
- The forint is the official currency of Hungary.
- Hungary joined the European Union in 2004 but has not adopted the euro.
- The forint has experienced fluctuations in value relative to the U.S. dollar.
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 is important for evaluating Hungary's economic performance, trade competitiveness, and financial market conditions.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve from market sources and calculated as the annual average of daily exchange rates.
Q: How is this trend used in economic policy?
A: The Forint, Annual trend provides context for understanding Hungary's economic policies, export competitiveness, and financial market conditions.
Q: Are there update delays or limitations?
A: The Forint, Annual data is published with a lag, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Forint, Annual (NAEXKP04HUA189S), retrieved from FRED.