National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Hungary
Forint, Annual
NAEXKP07HUA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,710,858,000,000.00
Year-over-Year Change
83.86%
Date Range
1/1/1995 - 1/1/2022
Summary
The Forint, Annual trend measures the 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 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 Forint, Annual series tracks the yearly average exchange rate between the Hungarian forint and the U.S. dollar. This exchange rate is a key indicator of Hungary's economic health and trade position relative to the United States, one of its major trading partners.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Forint, Annual trend provides important context for analyzing Hungary's economic and trade policies.
Key Facts
- The Hungarian forint is the official currency of Hungary.
- Hungary is a member of the European Union but does not use the euro.
- The Forint, Annual trend can indicate Hungary's export competitiveness.
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 exchange rate metric is important for assessing Hungary's economic competitiveness and trade dynamics with the United States.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Forint, Annual trend provides crucial context for analyzing Hungary's economic and trade policies.
Q: Are there update delays or limitations?
A: The Forint, Annual data is published by the Federal Reserve with minimal delay.
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Citation
U.S. Federal Reserve, Forint, Annual (NAEXKP07HUA652S), retrieved from FRED.