Exchange Rate (market+estimated) for Ghana
XRNCUSGHA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.22
Year-over-Year Change
457.73%
Date Range
1/1/1955 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Ghana tracks the value of the Ghanaian cedi against the U.S. dollar. This key indicator provides insight into Ghana's economic performance and international trade 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
This series represents the market and estimated exchange rate between the Ghanaian cedi and the U.S. dollar. It is a widely referenced metric for monitoring Ghana's currency valuation, which influences the country's import/export activity, foreign investment, and macroeconomic policies.
Methodology
The data is compiled by the U.S. Federal Reserve from market quotes and estimated values.
Historical Context
Economists and policymakers closely follow Ghana's exchange rate to assess the nation's economic health and international trade dynamics.
Key Facts
- Ghana's cedi is the official currency.
- Exchange rates impact Ghana's imports, exports, and foreign investment.
- The U.S. dollar is a major trading partner for the Ghanaian economy.
FAQs
Q: What does this economic trend measure?
A: This series tracks the exchange rate between the Ghanaian cedi and the U.S. dollar, including both market-based and estimated values.
Q: Why is this trend relevant for users or analysts?
A: The Ghana exchange rate is a key indicator of the country's economic performance and international trade competitiveness.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Federal Reserve from market quotes and estimated values.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor Ghana's exchange rate to assess the nation's economic health and guide international trade and macroeconomic policies.
Q: Are there update delays or limitations?
A: The exchange rate data is updated regularly by the Federal Reserve, though there may be some delays in publishing the most recent information.
Related Trends
Exchange Rate (market+estimated) for Lao People's Democratic Republic
XRNCUSLAA618NRUG
Exchange Rate (market+estimated) for Burundi
XRNCUSBIA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Sierra Leone
PLGDPOSLA670NRUG
Exchange Rate (market+estimated) for Switzerland
XRNCUSCHA618NRUG
Exchange Rate (market+estimated) for Brazil
XRNCUSBRA618NRUG
Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Ireland
PLGDPOIEA670NRUG
Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Ghana (XRNCUSGHA618NRUG), retrieved from FRED.