Broad Effective Exchange Rate for Spain
NBESBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.56
Year-over-Year Change
2.04%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Spain measures the strength of the Spanish currency relative to a basket of trading partners' currencies. It is an important indicator of Spain's international 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 Broad Effective Exchange Rate tracks the weighted average of the Spanish peseta or euro against a group of foreign currencies. This provides insight into Spain's trade dynamics and ability to export goods and services globally.
Methodology
The data is calculated by the Bank for International Settlements using exchange rate and trade data.
Historical Context
Central banks and policymakers monitor this metric to evaluate Spain's economic performance and policy decisions.
Key Facts
- The base year for the index is 2010 = 100.
- The rate reached a high of 118.87 in December 2008.
- Spain's rate has fluctuated within a 100-120 range since the late 1990s.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Spain measures the strength of the Spanish currency relative to a basket of trading partners' currencies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Spain's trade dynamics and international competitiveness, which is important for economic policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using exchange rate and trade data.
Q: How is this trend used in economic policy?
A: Central banks and policymakers monitor this metric to evaluate Spain's economic performance and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is updated monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Spain (NBESBIS), retrieved from FRED.