Exchange Rate (market+estimated) for Panama
XRNCUSPAA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Panama measures the value of the Panamanian balboa relative to the U.S. dollar. This metric is a key indicator of Panama's economic performance and trade 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 Panama represents the nominal exchange rate between the Panamanian balboa and the U.S. dollar. It reflects the market price at which the balboa can be exchanged for dollars and is an important gauge of Panama's economic conditions and global trade position.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market observations and estimations.
Historical Context
Policymakers and analysts closely monitor the exchange rate to assess Panama's export competitiveness and import pressures.
Key Facts
- Panama uses the U.S. dollar as its official currency.
- The Panamanian balboa is pegged to the U.S. dollar at a 1:1 ratio.
- Panama has one of the most dollarized economies in the world.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Panama measures the nominal exchange rate between the Panamanian balboa and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is a crucial indicator of Panama's economic performance and international trade competitiveness.
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: Policymakers and analysts monitor the exchange rate to assess Panama's export competitiveness and import pressures.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Panama (XRNCUSPAA618NRUG), retrieved from FRED.