Exchange Rate (market+estimated) for Lebanon
XRNCUSLBA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,507.50
Year-over-Year Change
0.00%
Date Range
1/1/1970 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Lebanon measures the value of the Lebanese pound relative to the U.S. dollar. This indicator is crucial for understanding Lebanon's economic conditions and international trade.
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 tracks the market exchange rate between the Lebanese pound and U.S. dollar, supplemented with estimates when market data is unavailable. It provides a comprehensive view of Lebanon's foreign exchange dynamics, which are crucial for policymakers and analysts assessing the country's economic performance and competitiveness.
Methodology
The data is collected from market sources and supplemented with estimated values when necessary.
Historical Context
The exchange rate is a key indicator used by policymakers, investors, and analysts to evaluate Lebanon's economic stability and trade position.
Key Facts
- The Lebanese pound has been pegged to the U.S. dollar since 1997.
- Lebanon's exchange rate is a critical factor in its import/export dynamics.
- The exchange rate is monitored closely by the Central Bank of Lebanon.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Lebanon measures the value of the Lebanese pound relative to the U.S. dollar, providing a comprehensive view of Lebanon's foreign exchange dynamics.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a crucial indicator for understanding Lebanon's economic conditions, trade competitiveness, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected from market sources and supplemented with estimated values when necessary.
Q: How is this trend used in economic policy?
A: The exchange rate is monitored closely by the Central Bank of Lebanon and used to assess the country's economic stability and trade position.
Q: Are there update delays or limitations?
A: The data may include estimated values when market data is unavailable, which could lead to potential delays or limitations in the information.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Lebanon (XRNCUSLBA618NRUG), retrieved from FRED.