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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Czech RepublicCzech Republic FX Reserves climbed to 34.67B in March 2013
FMPMonthlyReleased April 2013
Czech Republic FX Reserves climbed to 34.67B in March 2013, released April 2013, up 0.16B from February's 34.51B reading.
Latest Release
34.670000
Actual
—
Consensus
34.510000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
FX Reserves (Czech Republic) was reported at 34.67 billion in April 2013. The reading rose from the previous value of 34.51 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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FX Reserves - CZ
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About FX Reserves — Czech Republic
DEFINITION
FX Reserves, short for Foreign Exchange Reserves, is a financial indicator that measures the amount of foreign currency held by a country's central bank. These reserves serve as a cushion to maintain stability in the country's currency exchange rate and to meet any external payment obligations. FX Reserves are an important tool for governments to manage their economy and protect against potential financial crises. They are also closely monitored by investors and analysts as they can provide insights into a country's economic strength and potential risks.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2013): actual 34.67 B. Prior reading (Mar 2013): 45.35 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print. Current dynamics are the primary tailwind in the projection.