International Merchandise Trade Statistics: Exports: Commodities for Czechia
Czech Koruna, Annual, Not Seasonally Adjusted
XTEXVA01CZA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,107,301,000,000.00
Year-over-Year Change
98.77%
Date Range
1/1/1991 - 1/1/2024
Summary
This trend measures the annual exchange rate of the Czech koruna against the U.S. dollar, providing insight into the relative value of the Czech currency.
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 Czech koruna (CZK) is the official currency of the Czech Republic. This annual, not seasonally adjusted exchange rate series tracks the average CZK/USD value over a calendar year, which is a key economic indicator for cross-border trade and investment.
Methodology
The data is collected by the Federal Reserve from official exchange rate sources.
Historical Context
The CZK/USD exchange rate is closely monitored by policymakers, businesses, and investors for its implications on Czech and regional economic conditions.
Key Facts
- The Czech koruna is denoted by the ISO code CZK.
- The Czech Republic adopted the koruna in 1993 after the dissolution of Czechoslovakia.
- The koruna has fluctuated between 18-25 CZK/USD over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate of the Czech koruna against the U.S. dollar, providing insight into the relative value of the Czech currency.
Q: Why is this trend relevant for users or analysts?
A: The CZK/USD exchange rate is a key indicator for evaluating the competitiveness of Czech exports, the purchasing power of Czech consumers, and overall economic conditions in the country.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from official exchange rate sources.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and investors closely monitor the CZK/USD exchange rate for its implications on Czech and regional economic conditions, trade, and investment.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted series may have a delay in reporting compared to more frequently updated exchange rate data.
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Citation
U.S. Federal Reserve, Czech Koruna, Annual, Not Seasonally Adjusted (XTEXVA01CZA664N), retrieved from FRED.