Exchange Rate (market+estimated) for Belgium
XRNCUSBEA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
22.26%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Belgium measures the value of the Belgian franc relative to the U.S. dollar. This metric is crucial for understanding Belgium's international trade and 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 Exchange Rate (market+estimated) for Belgium represents the average market exchange rate between the Belgian franc and the U.S. dollar, including both market transactions and estimated values. This indicator is widely used by economists, policymakers, and businesses to analyze Belgium's economic performance and trade dynamics.
Methodology
The data is compiled by the U.S. Federal Reserve from market sources and estimated values.
Historical Context
The exchange rate is a key factor in Belgium's economic and trade policies.
Key Facts
- The Belgian franc was replaced by the Euro in 2002.
- Belgium is a major exporter, with trade accounting for over 80% of its GDP.
- The exchange rate is closely monitored by the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Belgium measures the value of the Belgian franc relative to the U.S. dollar, including both market transactions and estimated values.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for understanding Belgium's international trade and competitiveness, as the exchange rate is a key factor in the country's economic and trade policies.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Federal Reserve from market sources and estimated values.
Q: How is this trend used in economic policy?
A: The exchange rate is closely monitored by the European Central Bank and is a key factor in Belgium's economic and trade policies.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be occasional delays or limitations in the availability of some market transactions.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Belgium (XRNCUSBEA618NRUG), retrieved from FRED.