Exchange Rate (market+estimated) for Kuwait
XRNCUSKWA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
6.82%
Date Range
1/1/1970 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Kuwait measures the value of the Kuwaiti dinar relative to the U.S. dollar. This important economic indicator provides insight into Kuwait'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
The Exchange Rate (market+estimated) for Kuwait represents the nominal market exchange rate between the Kuwaiti dinar and the U.S. dollar, adjusted for estimated official intervention. It serves as a barometer of Kuwait's economic strength and competitiveness in global markets.
Methodology
The data is collected by the U.S. Federal Reserve through monitoring of foreign exchange markets.
Historical Context
Policymakers and analysts use this exchange rate trend to assess Kuwait's trade balance, inflation pressures, and overall macroeconomic conditions.
Key Facts
- Kuwait is a major exporter of crude oil and natural gas.
- The Kuwaiti dinar is one of the world's highest-valued currencies.
- Exchange rate movements affect Kuwait's trade balance and inflation.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Kuwait measures the nominal market exchange rate between the Kuwaiti dinar and the U.S. dollar, adjusted for estimated official intervention.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate trend provides insight into Kuwait's international trade competitiveness, inflation pressures, and overall macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through monitoring of foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate trend to assess Kuwait's trade balance, inflation pressures, and overall macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is provided by the U.S. Federal Reserve and may be subject to update delays or limitations inherent in monitoring foreign exchange markets.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Kuwait (XRNCUSKWA618NRUG), retrieved from FRED.