Exchange Rate (market+estimated) for Angola
XRNCUSAOA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
364.83
Year-over-Year Change
375.61%
Date Range
1/1/1970 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Angola measures the value of the Angolan kwanza relative to the U.S. dollar. This metric is crucial for understanding Angola's international trade and economic performance.
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 Exchange Rate (market+estimated) for Angola represents the national currency's exchange rate against the U.S. dollar, including both market-determined and estimated exchange rates. This metric is widely used by economists, policymakers, and analysts to assess Angola's economic competitiveness and the impact of exchange rate movements on the country's imports, exports, and overall economic activity.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market and estimated exchange rates.
Historical Context
The Angolan exchange rate is a key indicator for assessing the country's economic health and informing monetary and fiscal policy decisions.
Key Facts
- The Angolan kwanza has depreciated significantly against the U.S. dollar over the past decade.
- Exchange rate movements impact the competitiveness of Angolan exports and the cost of imports.
- Policymakers use the exchange rate to monitor inflationary pressures and inform monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Angola measures the value of the Angolan kwanza relative to the U.S. dollar, including both market-determined and estimated exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Angola's international trade competitiveness, the impact of exchange rate movements on the economy, and informing monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market and estimated exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers use the Angolan exchange rate to monitor inflationary pressures and make informed decisions about monetary and fiscal policies that impact the country's economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the timely reporting of exchange rate information, and may have occasional delays or limitations in coverage.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Angola (XRNCUSAOA618NRUG), retrieved from FRED.