Narrow Effective Exchange Rate for France
NNFRBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.74
Year-over-Year Change
0.77%
Date Range
1/1/1964 - 6/1/2025
Summary
The Narrow Effective Exchange Rate for France measures the trade-weighted value of the French franc relative to a basket of major currencies. This provides insight into France's international competitiveness and trade dynamics.
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 France is an index that tracks the nominal exchange rate of the French franc against a weighted basket of currencies from France's major trading partners. It is used to assess changes in France's trade and macroeconomic conditions.
Methodology
This index is calculated by the Bank for International Settlements using exchange rate data and trade weights.
Historical Context
Policymakers and economists monitor this exchange rate metric to gauge France's export competitiveness and adjust policies accordingly.
Key Facts
- France is the world's 7th largest economy by GDP.
- The euro is the official currency of France.
- Trade accounts for over 60% of France's GDP.
FAQs
Q: What does this economic trend measure?
A: The Narrow Effective Exchange Rate for France measures the trade-weighted value of the French franc relative to a basket of major currencies. It provides insight into France's international competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate metric is important for assessing France's trade dynamics and macroeconomic conditions. It helps policymakers and economists understand the country's export competitiveness.
Q: How is this data collected or calculated?
A: The Narrow Effective Exchange Rate for France is calculated by the Bank for International Settlements using exchange rate data and trade weights.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this exchange rate index to gauge France's export competitiveness and adjust policies accordingly to support trade and economic growth.
Q: Are there update delays or limitations?
A: The Narrow Effective Exchange Rate for France data is published regularly by the Bank for International Settlements, but may have a short delay compared to real-time exchange rate movements.
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Citation
U.S. Federal Reserve, Narrow Effective Exchange Rate for France (NNFRBIS), retrieved from FRED.