Narrow Effective Exchange Rate for Spain
NNESBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.58
Year-over-Year Change
0.55%
Date Range
1/1/1964 - 6/1/2025
Summary
The Narrow Effective Exchange Rate for Spain measures the trade-weighted value of the Spanish peseta or euro relative to a basket of major 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 Narrow Effective Exchange Rate for Spain tracks the strength of the Spanish currency against a selection of its major trading partners. This provides insight into Spain's trade balance and ability to export goods globally.
Methodology
The data is calculated by the Bank for International Settlements using a geometric weighted average of bilateral exchange rates.
Historical Context
Policymakers and analysts use this metric to assess Spain's export potential and economic performance compared to its key trading counterparts.
Key Facts
- Spain is one of the Eurozone's largest economies.
- The effective exchange rate factors in Spain's major trading partners.
- Exchange rate trends impact Spain's import/export balance and GDP.
FAQs
Q: What does this economic trend measure?
A: The Narrow Effective Exchange Rate for Spain tracks the trade-weighted value of the Spanish currency relative to a basket of its major trading partners' currencies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Spain's international trade competitiveness and can inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using a geometric weighted average of bilateral exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Spain's export potential and economic performance compared to its key trading counterparts.
Q: Are there update delays or limitations?
A: The effective exchange rate data is published monthly with a lag to allow for collection and calculation.
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Citation
U.S. Federal Reserve, Narrow Effective Exchange Rate for Spain (NNESBIS), retrieved from FRED.