Exchange Rate (market+estimated) for Uruguay
XRNCUSUYA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.26
Year-over-Year Change
50.21%
Date Range
1/1/1950 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Uruguay tracks the official exchange rate between the Uruguayan peso and the U.S. dollar. This metric is crucial for understanding Uruguay's international trade, inflation, 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 Uruguay represents the price of the U.S. dollar in terms of the Uruguayan peso, based on a combination of market and estimated data. This exchange rate is a key indicator for analyzing Uruguay's economic performance and its integration with global markets.
Methodology
The data is collected by the Uruguayan Central Bank and compiled from market transactions and estimates.
Historical Context
The exchange rate is closely monitored by policymakers, investors, and analysts to assess Uruguay's macroeconomic conditions and trade dynamics.
Key Facts
- The Uruguayan peso has experienced significant depreciation against the U.S. dollar in recent years.
- Exchange rate movements affect the cost of imports and exports, impacting inflation and trade balances.
- Policymakers use the exchange rate to guide monetary and fiscal policies aimed at promoting economic stability.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Uruguay tracks the official exchange rate between the Uruguayan peso and the U.S. dollar, which is a crucial indicator for understanding the country's international trade, inflation, and economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a key metric for assessing Uruguay's macroeconomic conditions, trade dynamics, and integration with global markets. It is closely monitored by policymakers, investors, and analysts to guide economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected by the Uruguayan Central Bank and compiled from market transactions and estimates.
Q: How is this trend used in economic policy?
A: Policymakers use the exchange rate to guide monetary and fiscal policies aimed at promoting economic stability, competitiveness, and growth.
Q: Are there update delays or limitations?
A: The data is published regularly by the Uruguayan Central Bank, but there may be some delays in reporting due to the nature of the data collection process.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Uruguay (XRNCUSUYA618NRUG), retrieved from FRED.