Broad Effective Exchange Rate for Estonia
NBEEBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.70
Year-over-Year Change
0.78%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Estonia measures the weighted average of the Estonian kroon's exchange rate against a basket of trading partner currencies. It provides insight into Estonia's international 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 Broad Effective Exchange Rate for Estonia is an economic indicator that tracks the value of the Estonian kroon relative to a trade-weighted basket of foreign currencies. It is used to assess Estonia's international price competitiveness and can inform policymakers on appropriate exchange rate policies.
Methodology
The data is calculated by the Bank of Estonia based on exchange rates and trade weights.
Historical Context
The Broad Effective Exchange Rate is monitored by policymakers and analysts to gauge Estonia's economic performance and trade dynamics.
Key Facts
- Estonia adopted the euro in 2011.
- The base year for the Broad Effective Exchange Rate is 2010.
- An increase in the index indicates an appreciation of the Estonian kroon.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Estonia measures the weighted average of the Estonian kroon's exchange rate against a basket of trading partner currencies.
Q: Why is this trend relevant for users or analysts?
A: The Broad Effective Exchange Rate provides insight into Estonia's international competitiveness and can inform policymakers on appropriate exchange rate policies.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank of Estonia based on exchange rates and trade weights.
Q: How is this trend used in economic policy?
A: The Broad Effective Exchange Rate is monitored by policymakers and analysts to gauge Estonia's economic performance and trade dynamics.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bank of Estonia with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Estonia (NBEEBIS), retrieved from FRED.