Exchange Rate (market+estimated) for Guatemala
XRNCUSGTA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.70
Year-over-Year Change
0.30%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Guatemala measures the value of the Guatemalan quetzal relative to the U.S. dollar. This metric is crucial for understanding Guatemala's international trade and investment dynamics.
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 exchange rate between the Guatemalan quetzal and the U.S. dollar, calculated using both market data and estimates. The exchange rate is a key indicator of a country's economic competitiveness and can influence import/export patterns, foreign investment, and international purchasing power.
Methodology
The data is collected by the U.S. Federal Reserve through a combination of market observations and statistical modeling.
Historical Context
Policymakers and analysts monitor this exchange rate trend to gauge Guatemala's economic performance and guide trade, monetary, and fiscal policies.
Key Facts
- The Guatemalan quetzal has been the official currency of Guatemala since 1925.
- Guatemala is the largest economy in Central America, with a GDP of over $78 billion.
- The exchange rate is published daily by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate between the Guatemalan quetzal and the U.S. dollar, combining both market-based and estimated data.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a crucial indicator of a country's economic competitiveness and can influence international trade, investment, and purchasing power.
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 statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this exchange rate trend to gauge Guatemala's economic performance and guide trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The exchange rate is published daily by the U.S. Federal Reserve, with minimal delays.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Guatemala (XRNCUSGTA618NRUG), retrieved from FRED.