Exchange Rate (market+estimated) for Zambia
XRNCUSZMA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.89
Year-over-Year Change
222.03%
Date Range
1/1/1955 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Zambia measures the value of the Zambian kwacha against other major currencies. This metric is crucial for understanding Zambia's international trade 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 Zambia tracks the daily nominal exchange rate between the Zambian kwacha and a trade-weighted basket of foreign currencies. This data is used by policymakers, analysts, and businesses to assess Zambia's economic performance and trade dynamics.
Methodology
The data is collected by the Bank of Zambia and calculated based on market transactions and estimated rates.
Historical Context
Monitoring exchange rate trends is important for Zambia's monetary and fiscal policies, as well as for foreign investors and businesses operating in the country.
Key Facts
- The Zambian kwacha has experienced significant volatility in recent years.
- Exchange rate movements impact Zambia's exports, imports, and foreign investment.
- Zambia's central bank closely monitors the exchange rate to maintain economic stability.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Zambia tracks the daily nominal exchange rate between the Zambian kwacha and a trade-weighted basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Zambia's international trade and economic competitiveness, and is used by policymakers, analysts, and businesses to assess the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Zambia and calculated based on market transactions and estimated rates.
Q: How is this trend used in economic policy?
A: Monitoring exchange rate trends is important for Zambia's monetary and fiscal policies, as well as for foreign investors and businesses operating in the country.
Q: Are there update delays or limitations?
A: The Exchange Rate (market+estimated) for Zambia data is published daily, with minimal delays, providing timely insights into Zambia's economic conditions.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Zambia (XRNCUSZMA618NRUG), retrieved from FRED.