Broad Effective Exchange Rate for Czech Republic
NBCZBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.64
Year-over-Year Change
1.54%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Czech Republic is an important economic indicator that measures the weighted average of the Czech koruna's exchange rate against a basket of major currencies. It provides insights into the country's international 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 Broad Effective Exchange Rate is an index that tracks the relative strength of the Czech koruna against a trade-weighted basket of foreign currencies. It accounts for the Czech Republic's major trading partners and is used to assess the country's overall export and import competitiveness.
Methodology
The data is calculated by the Bank for International Settlements using a trade-weighted geometric average of the Czech koruna's bilateral exchange rates.
Historical Context
Policymakers and analysts monitor the Broad Effective Exchange Rate to gauge the Czech economy's external performance and inform decisions on monetary and trade policies.
Key Facts
- The base year for the Broad Effective Exchange Rate index is 2010.
- The index accounts for the Czech Republic's trade with over 60 partner countries.
- A rising index indicates an appreciation of the Czech koruna against major currencies.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate measures the overall strength of the Czech koruna relative to a trade-weighted basket of foreign currencies. It provides an assessment of the country's international competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The Broad Effective Exchange Rate is an important indicator for evaluating the Czech Republic's export and import dynamics, as well as its overall economic performance in the global marketplace.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using a trade-weighted geometric average of the Czech koruna's bilateral exchange rates against major currencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the Broad Effective Exchange Rate to inform decisions on monetary policy, trade policy, and other measures aimed at maintaining the Czech Republic's international competitiveness.
Q: Are there update delays or limitations?
A: The Broad Effective Exchange Rate data is typically published with a lag of several weeks, and may be subject to periodic revisions by the Bank for International Settlements.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Czech Republic (NBCZBIS), retrieved from FRED.