Exchange Rate (market+estimated) for Comoros
XRNCUSKMA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
439.46
Year-over-Year Change
22.26%
Date Range
1/1/1960 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Comoros measures the value of the Comorian franc relative to the U.S. dollar. This trend is crucial for understanding Comoros' 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 Comoros tracks the daily exchange rate between the Comorian franc and the U.S. dollar. This metric is widely used by economists, policymakers, and businesses to assess Comoros' trade balance, import/export dynamics, and overall economic performance.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market observations and estimations.
Historical Context
The exchange rate trend is a key input for analyzing Comoros' monetary policy, international competitiveness, and economic development.
Key Facts
- The Comorian franc has been the official currency of Comoros since 1981.
- Comoros is a member of the Franc Zone, pegging its currency to the Euro.
- Exchange rate fluctuations impact Comoros' imports, exports, and economic growth.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Comoros measures the daily value of the Comorian franc in terms of the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend is crucial for understanding Comoros' trade balance, international competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market observations and estimations.
Q: How is this trend used in economic policy?
A: The exchange rate trend is a key input for analyzing Comoros' monetary policy, trade dynamics, and economic development.
Q: Are there update delays or limitations?
A: The exchange rate data is published daily with minimal delays, providing timely insights into Comoros' economic conditions.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Comoros (XRNCUSKMA618NRUG), retrieved from FRED.