Exchange Rate (market+estimated) for Slovenia
XRNCUSSIA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
22.26%
Date Range
1/1/1990 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Slovenia tracks the value of the Slovenian tolar (SIT) relative to the U.S. dollar. This metric is important for economists and policymakers to monitor the competitiveness of Slovenian exports and gauge the broader health of the Slovenian economy.
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 Slovenia represents the nominal exchange rate between the Slovenian currency and the U.S. dollar. This data is used to analyze trends in Slovenian trade, foreign investment, and overall economic performance compared to major trading partners.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
Central banks and economic analysts closely monitor exchange rate data to inform monetary and fiscal policy decisions.
Key Facts
- Slovenia adopted the euro in 2007, replacing the Slovenian tolar.
- The exchange rate is calculated based on both market and estimated values.
- Exchange rate data is a leading indicator of a country's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Slovenia tracks the nominal exchange rate between the Slovenian tolar (SIT) and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for monitoring the competitiveness of Slovenian exports and assessing the overall health of the Slovenian economy compared to major trading partners.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts use exchange rate data to inform monetary and fiscal policy decisions.
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 Slovenia (XRNCUSSIA618NRUG), retrieved from FRED.