Exchange Rate (market+estimated) for Cote d'Ivoire
XRNCUSCIA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
585.91
Year-over-Year Change
22.25%
Date Range
1/1/1960 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Cote d'Ivoire measures the value of the Ivorian CFA franc relative to the U.S. dollar. This trend is a key indicator of Cote d'Ivoire's international trade and economic 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 Cote d'Ivoire represents the exchange rate between the Ivorian CFA franc and the U.S. dollar, which is widely used to assess the country's trade dynamics and international purchasing power.
Methodology
The data is collected by the U.S. Federal Reserve through a combination of market observations and estimates.
Historical Context
Policymakers and analysts use this trend to evaluate Cote d'Ivoire's trade balance, inflation, and overall economic performance.
Key Facts
- The Ivorian CFA franc is pegged to the Euro.
- Cote d'Ivoire is a member of the West African Economic and Monetary Union (WAEMU).
- The exchange rate is monitored by the Central Bank of West African States (BCEAO).
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Cote d'Ivoire measures the value of the Ivorian CFA franc relative to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of Cote d'Ivoire's international trade and economic competitiveness, and is used by policymakers and analysts to evaluate the country's trade balance, inflation, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through a combination of market observations and estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Cote d'Ivoire's trade balance, inflation, and overall economic performance, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and accuracy of the U.S. Federal Reserve's market observations and estimates.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Cote d'Ivoire (XRNCUSCIA618NRUG), retrieved from FRED.