International Merchandise Trade Statistics: Trade Balance: Commodities for Hungary
Forint, Annual, Seasonally Adjusted
XTNTVA01HUA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,141,009,000,000.00
Year-over-Year Change
141.63%
Date Range
1/1/1976 - 1/1/2024
Summary
The Forint, Annual, Seasonally Adjusted series measures the annual exchange rate between the Hungarian forint and the U.S. dollar, adjusted for seasonal variations. This metric is closely watched by economists and policymakers to assess Hungary's economic performance and 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, Annual, Seasonally Adjusted series tracks the yearly average exchange rate between the Hungarian currency and the U.S. dollar, with seasonal fluctuations removed. This data point is used to evaluate Hungary's economic conditions, trade dynamics, and the relative strength of the forint against major global currencies.
Methodology
The data is calculated by the U.S. Federal Reserve based on official exchange rate information.
Historical Context
This economic trend is relevant for assessing Hungary's macroeconomic policies, export competitiveness, and financial integration with global markets.
Key Facts
- The forint is the official currency of Hungary.
- Hungary joined the European Union in 2004.
- The forint has experienced volatility against major currencies in recent years.
FAQs
Q: What does this economic trend measure?
A: The Forint, Annual, Seasonally Adjusted series tracks the yearly average exchange rate between the Hungarian forint and the U.S. dollar, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to assess Hungary's economic performance, trade competitiveness, and financial integration with global markets.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official exchange rate information.
Q: How is this trend used in economic policy?
A: This economic trend is relevant for evaluating Hungary's macroeconomic policies, export competitiveness, and financial integration with global markets.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with minimal delays, providing timely insights into the annual performance of the Hungarian forint.
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Harmonized Index of Consumer Prices: All-Items HICP for Hungary
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Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 64 Years for Hungary
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Hungary
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Hungary
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Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Hungary
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Citation
U.S. Federal Reserve, Forint, Annual, Seasonally Adjusted (XTNTVA01HUA664S), retrieved from FRED.