Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Estonia
CCUSMA02EEM618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.87
Year-over-Year Change
-6.65%
Date Range
6/1/1992 - 6/1/2025
Summary
This trend measures the average daily exchange rate of the US dollar against the Estonian kroon, which was the official currency of Estonia before it adopted the euro.
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 US dollar exchange rate is a key economic indicator that reflects the relative strength and purchasing power of the US currency. It is widely used by policymakers, businesses, and investors to analyze trade flows, inflation, and international competitiveness.
Methodology
The data is collected and calculated by the US Federal Reserve from various sources.
Historical Context
The US dollar exchange rate is a critical input for assessing the health of the US economy and its global economic relationships.
Key Facts
- Estonia adopted the euro in 2011, replacing the Estonian kroon.
- The US dollar is one of the most widely traded and influential currencies globally.
- Exchange rates fluctuate daily based on market forces and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average daily exchange rate of the US dollar against the Estonian kroon, which was the official currency of Estonia before it adopted the euro.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a critical indicator for analyzing trade flows, inflation, and international competitiveness, making it highly relevant for policymakers, businesses, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve from various sources.
Q: How is this trend used in economic policy?
A: The US dollar exchange rate is a key input for assessing the health of the US economy and its global economic relationships, informing policy decisions by the Federal Reserve and other institutions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be minor delays or limitations in its coverage depending on the source data.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Estonia (CCUSMA02EEM618N), retrieved from FRED.