Broad Effective Exchange Rate for Romania
NBROBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.41
Year-over-Year Change
0.58%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Romania measures the weighted average of the Romanian leu's exchange rate against a basket of foreign currencies. It is an important indicator for evaluating the international competitiveness of the Romanian economy.
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 Romania provides a comprehensive measure of the value of the Romanian currency relative to its major trading partners. Economists and policymakers use this data to assess the country's trade position and make informed decisions about economic and monetary policies.
Methodology
The data is calculated by the National Bank of Romania based on the exchange rates between the leu and the currencies of Romania's major trade partners.
Historical Context
The Broad Effective Exchange Rate is closely monitored by the National Bank of Romania and other institutions to inform decisions that impact the country's economic and trade performance.
Key Facts
- The base year for the Broad Effective Exchange Rate for Romania is 2010.
- The index measures the leu's value against a trade-weighted basket of 37 currencies.
- A rising index indicates an appreciation of the Romanian leu against its trading partners.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Romania measures the weighted average of the Romanian leu's exchange rate against a basket of foreign currencies. It provides a comprehensive indicator of the leu's international value.
Q: Why is this trend relevant for users or analysts?
A: The Broad Effective Exchange Rate is an important metric for evaluating the international competitiveness of the Romanian economy. It is closely monitored by policymakers and analysts to inform decisions about economic and trade policies.
Q: How is this data collected or calculated?
A: The data is calculated by the National Bank of Romania based on the exchange rates between the leu and the currencies of Romania's major trade partners.
Q: How is this trend used in economic policy?
A: The Broad Effective Exchange Rate for Romania is used by the National Bank of Romania and other institutions to assess the country's trade position and make informed decisions about economic and monetary policies that impact the competitiveness of the Romanian economy.
Q: Are there update delays or limitations?
A: The Broad Effective Exchange Rate for Romania is updated regularly by the National Bank of Romania, with minimal delays. The data is considered a reliable and comprehensive measure of the leu's international value.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Romania (NBROBIS), retrieved from FRED.