Exchange Rate (market+estimated) for Kyrgyzstan
XRNCUSKGA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69.79
Year-over-Year Change
87.02%
Date Range
1/1/1990 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Kyrgyzstan measures the national currency's value relative to the U.S. dollar. This metric is crucial for understanding Kyrgyzstan'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 Kyrgyzstan represents the price of the Kyrgyzstani som in terms of U.S. dollars. This rate is used to convert Kyrgyzstan's economic data into a common currency for cross-country analysis and policy decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates and estimations.
Historical Context
Policymakers and analysts use this exchange rate to assess Kyrgyzstan's macroeconomic performance and trade dynamics.
Key Facts
- The Kyrgyzstani som has been Kyrgyzstan's national currency since 1993.
- Kyrgyzstan's exchange rate is influenced by factors like inflation, interest rates, and trade balances.
- The exchange rate is an important indicator of Kyrgyzstan's economic competitiveness and purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Kyrgyzstan measures the value of the Kyrgyzstani som relative to the U.S. dollar, reflecting the country's international trade and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is crucial for understanding Kyrgyzstan's macroeconomic performance, international competitiveness, and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates and estimations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate to assess Kyrgyzstan's economic conditions and inform decisions related to trade, monetary policy, and international investment.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Kyrgyzstan (XRNCUSKGA618NRUG), retrieved from FRED.