Broad Effective Exchange Rate for Finland
NBFIBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.70
Year-over-Year Change
1.35%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Finland measures the weighted average of the Finnish Markka's exchange rate against a basket of trading partner currencies. It is an important indicator of Finland'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 Finland tracks the relative strength of the Finnish currency compared to its major trading partners. It is used by economists and policymakers to assess Finland's export and import dynamics, as well as overall economic performance.
Methodology
The data is calculated by the Bank of Finland based on exchange rate information and trade weights.
Historical Context
The Broad Effective Exchange Rate is a key input for analyzing Finland's trade balance and current account position.
Key Facts
- Finland is a small, open economy heavily dependent on exports.
- The exchange rate impacts Finland's international price competitiveness.
- Policymakers monitor the Broad Effective Exchange Rate to guide monetary and fiscal policies.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Finland measures the weighted average exchange rate of the Finnish Markka against a basket of its major trading partners' currencies.
Q: Why is this trend relevant for users or analysts?
A: The Broad Effective Exchange Rate is a key indicator of Finland's international competitiveness and can inform analysis of the country's trade balance, inflation, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank of Finland based on exchange rate information and trade weights.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Broad Effective Exchange Rate to assess Finland's trade position and guide monetary and fiscal policies aimed at maintaining economic stability and growth.
Q: Are there update delays or limitations?
A: The Broad Effective Exchange Rate data is updated regularly by the Bank of Finland, with no significant delays. However, the index may not fully capture all complexities of Finland's trade relationships.
Related Trends
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BSCURT02FIQ160S
Number of Identified Exporters to Finland from Puerto Rico
PRFINA475SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Finland
CPALTT01FIA659N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Finland
FINCP080000IXOBM
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Finland
CPGREN01FIA657N
Value of Exports to Finland from Mississippi
MSFINA052SCEN
Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Finland (NBFIBIS), retrieved from FRED.