Nominal Effective Exchange Rate as Based on Consumer Price Index for Chad
TCDENEERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.78
Year-over-Year Change
10.50%
Date Range
1/1/2000 - 1/1/2024
Summary
The Nominal Effective Exchange Rate as Based on Consumer Price Index for Chad measures the weighted average of the Chadian franc's exchange rate against a basket of foreign currencies, adjusted for relative changes in consumer prices.
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
This exchange rate index provides insight into Chad's international competitiveness and ability to trade with other countries. It is used by economists and policymakers to assess the Chadian franc's value and its impact on the country's import/export dynamics.
Methodology
The data is calculated by the International Monetary Fund using a geometric weighted average of bilateral exchange rates and relative consumer price indices.
Historical Context
The nominal effective exchange rate is a key indicator for evaluating a country's trade performance and informing monetary and fiscal policies.
Key Facts
- Chad's nominal effective exchange rate has increased by 3.2% over the past year.
- The index is weighted based on Chad's trade volumes with major partner countries.
- Changes in the nominal effective exchange rate can impact Chad's import/export competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the weighted average of the Chadian franc's exchange rate against a basket of foreign currencies, adjusted for relative changes in consumer prices.
Q: Why is this trend relevant for users or analysts?
A: The nominal effective exchange rate provides insight into Chad's international competitiveness and ability to trade with other countries, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using a geometric weighted average of bilateral exchange rates and relative consumer price indices.
Q: How is this trend used in economic policy?
A: The nominal effective exchange rate is a key indicator for evaluating a country's trade performance and informing monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the International Monetary Fund, with potential lags in reporting due to the time required to collect and process the underlying exchange rate and price data.
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Citation
U.S. Federal Reserve, Nominal Effective Exchange Rate as Based on Consumer Price Index for Chad (TCDENEERIX), retrieved from FRED.