Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for France
Euro, Annual
CCUSMA02FRA618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.92
Year-over-Year Change
18.84%
Date Range
1/1/1957 - 1/1/2024
Summary
The Euro, Annual trend measures the annual average exchange rate between the U.S. dollar and the euro. It is a key economic indicator for tracking currency market dynamics and cross-border trade and investment.
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 annual average of the daily euro to U.S. dollar exchange rate. This metric is widely used by economists, policymakers, and market analysts to assess the relative strength of the euro and its impact on the international economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market rates.
Historical Context
The euro-dollar exchange rate is a critical factor in international trade, cross-border investments, and monetary policy decisions.
Key Facts
- The euro was introduced as an official currency in 1999.
- The euro is the second most widely traded currency after the U.S. dollar.
- The euro-dollar exchange rate impacts the competitiveness of EU exports.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the average annual exchange rate between the U.S. dollar and the euro, the official currency of the European Union.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a critical economic indicator that influences international trade, investment flows, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the euro-dollar exchange rate to assess the competitiveness of exports, the impact on inflation, and the broader health of the international economy.
Q: Are there update delays or limitations?
A: The Euro, Annual data is published with a lag, typically several months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Euro, Annual (CCUSMA02FRA618N), retrieved from FRED.