Official exchange rate (LCU per US$, period average)

The exchange rate set by governmental bodies represents a crucial economic indicator, reflecting the relative value of a nation’s currency against the U.S. dollar as determined in authorized market settings. This metric is derived from monthly averages, aggregated to yield an annual figure that showcases fluctuations influenced by various macroeconomic factors such as inflation, trade balances, and monetary policy. By providing insights into a country's economic stability and attractiveness for foreign investment, this rate serves as a barometer of market confidence. Additionally, it plays a vital role in assessing the competitiveness of domestic goods in international markets, impacting both local exporters and consumers in a globalized economy. Source: