International Merchandise Trade Statistics: Imports: Commodities for Hungary
Forint, Seasonally Adjusted
XTIMVA01HUQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,103,160,000,000.00
Year-over-Year Change
-2.07%
Date Range
1/1/1976 - 4/1/2025
Summary
The Hungarian Forint Exchange Rate, Seasonally Adjusted tracks the value of the Hungarian Forint against a basket of foreign currencies. This metric is a key indicator of Hungary's economic performance and international 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 Forint Exchange Rate, Seasonally Adjusted is a measure of the relative value of the Hungarian currency compared to other major currencies. It is used by economists, policymakers, and market analysts to assess Hungary's export/import dynamics, inflationary pressures, and overall economic health.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on exchange rate information from global currency markets.
Historical Context
The Forint exchange rate is closely monitored by the Hungarian National Bank and influences the country's monetary and trade policies.
Key Facts
- The Forint is the official currency of Hungary.
- Hungary joined the European Union in 2004 but has not yet adopted the Euro.
- The Forint exchange rate is a key indicator of Hungary's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Forint Exchange Rate, Seasonally Adjusted measures the value of the Hungarian Forint relative to a basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The Forint exchange rate is a crucial indicator of Hungary's trade dynamics, inflationary pressures, and overall economic performance.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates the Forint exchange rate data based on information from global currency markets.
Q: How is this trend used in economic policy?
A: The Forint exchange rate is closely monitored by the Hungarian National Bank and informs the country's monetary and trade policies.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting due to the complex nature of international currency markets.
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Citation
U.S. Federal Reserve, Forint, Seasonally Adjusted (XTIMVA01HUQ664S), retrieved from FRED.