Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Euro Area (19 Countries)
Euro, Annual
CCUSMA02EZA618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.92
Year-over-Year Change
18.84%
Date Range
1/1/1979 - 1/1/2024
Summary
The Euro, Annual trend measures the annual average exchange rate between the Euro and the U.S. Dollar. This metric is closely watched by economists and policymakers to gauge international trade dynamics and the relative strength of the Euro currency.
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 Euro, Annual series represents the average annual exchange rate between the Euro and the U.S. Dollar. This benchmark is used to analyze the purchasing power and competitiveness of the Euro in global markets, informing trade, investment, and monetary policy decisions.
Methodology
The data is collected and calculated by the European Central Bank based on daily spot exchange rates.
Historical Context
Trends in the Euro-Dollar exchange rate have significant implications for international trade, foreign investment, and the conduct of monetary policy.
Key Facts
- The Euro was introduced in 1999 and is the official currency of 19 EU member states.
- The Euro is the second most traded currency in the global foreign exchange market after the U.S. Dollar.
- The Euro, Annual series has been published by the Federal Reserve since 1999.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the average annual exchange rate between the Euro and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: This benchmark is closely watched by economists and policymakers to gauge the international competitiveness and purchasing power of the Euro.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank based on daily spot exchange rates.
Q: How is this trend used in economic policy?
A: Trends in the Euro-Dollar exchange rate have significant implications for international trade, foreign investment, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Euro, Annual series has been published by the Federal Reserve since 1999 with no major delays or limitations.
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Citation
U.S. Federal Reserve, Euro, Annual (CCUSMA02EZA618N), retrieved from FRED.