Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Romania
ROUCCUSMA02STM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.60
Year-over-Year Change
-4.59%
Date Range
1/1/1960 - 11/1/2023
Summary
This economic trend measures the average daily exchange rate between the US dollar and the Romanian leu, providing insight into the relative strength of the US currency in the Romanian market.
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 US Dollar Exchange Rate for Romania tracks the value of the US dollar compared to the Romanian national currency, the leu. This metric is closely monitored by economists and policymakers to assess the international competitiveness of the Romanian economy and the purchasing power of the US dollar in the Romanian market.
Methodology
The data is collected and calculated by the US Federal Reserve based on daily exchange rate observations.
Historical Context
This exchange rate trend is a key economic indicator used to inform trade, investment, and monetary policy decisions.
Key Facts
- The US dollar-Romanian leu exchange rate has fluctuated significantly over the past decade.
- Romania's economy is heavily influenced by its exchange rate with major trading partners like the US.
- Central banks monitor this trend to assess the competitiveness of their domestic currency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average daily exchange rate between the US dollar and the Romanian leu, the national currency of Romania.
Q: Why is this trend relevant for users or analysts?
A: The US Dollar Exchange Rate for Romania is a key indicator used by economists, policymakers, and investors to assess the relative strength of the US currency in the Romanian market and the international competitiveness of the Romanian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on daily exchange rate observations.
Q: How is this trend used in economic policy?
A: This exchange rate trend is used to inform trade, investment, and monetary policy decisions by governments, central banks, and market participants.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into the US dollar-Romanian leu exchange rate.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Romania (ROUCCUSMA02STM), retrieved from FRED.