Broad Effective Exchange Rate for Hungary
NBHUBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.34
Year-over-Year Change
-0.33%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Hungary measures the value of the Hungarian forint relative to a basket of major currencies. It is an important indicator of the country's international competitiveness and can inform economic policy decisions.
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 Hungary is an index that tracks the weighted-average exchange rate between the Hungarian forint and a basket of trading partner currencies. It provides insight into the overall strength of the forint and is used to assess Hungary's trade position and international purchasing power.
Methodology
The data is calculated by the Bank for International Settlements using exchange rate and trade data.
Historical Context
Central banks and policymakers monitor effective exchange rates to gauge a country's export competitiveness and potential trade imbalances.
Key Facts
- The base year for the NBHUBIS index is 2010.
- Hungary is a member of the European Union but not the Eurozone.
- The NBHUBIS index tracks the forint against 61 trading partner currencies.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Hungary measures the value of the Hungarian forint relative to a basket of major currencies. It provides an overall gauge of the forint's international purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The NBHUBIS index is an important indicator of Hungary's international competitiveness and trade position. It informs economic policy decisions and analysis of the country's macroeconomic performance.
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 effective exchange rates like the NBHUBIS to gauge a country's export competitiveness and potential trade imbalances, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The NBHUBIS data is published monthly with minimal delay, providing timely information on Hungary's exchange rate movements.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Hungary (NBHUBIS), retrieved from FRED.