Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Ireland
Euro, Monthly
CCUSMA02IEM618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.87
Year-over-Year Change
-6.65%
Date Range
1/1/1957 - 6/1/2025
Summary
The Euro, Monthly trend measures the value of the Euro against a weighted basket of major global currencies on a monthly basis. This metric is closely watched by economists and policymakers to assess the Euro's international purchasing power and competitiveness.
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, Monthly series tracks the nominal effective exchange rate of the Euro against a trade-weighted index of major currencies. It is used to analyze the Euro's performance in foreign exchange markets and its potential impact on the Eurozone's trade, inflation, and economic growth.
Methodology
The data is calculated by the European Central Bank using a geometric weighted average of the Euro's bilateral exchange rates against the currencies of Eurozone's 38 major trading partners.
Historical Context
The Euro, Monthly trend provides important context for Eurozone monetary and trade policies.
Key Facts
- The Euro, Monthly index has a base year of 2010.
- The Eurozone accounts for approximately 16% of global GDP.
- The Euro is the second most traded currency after the U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: The Euro, Monthly trend measures the value of the Euro relative to a trade-weighted basket of major global currencies on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as it provides insight into the Eurozone's international competitiveness and the potential impacts on trade, inflation, and economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the European Central Bank using a geometric weighted average of the Euro's bilateral exchange rates against the currencies of Eurozone's 38 major trading partners.
Q: How is this trend used in economic policy?
A: The Euro, Monthly trend provides important context for Eurozone monetary and trade policies, as the exchange rate can influence the region's economic performance and competitiveness in global markets.
Q: Are there update delays or limitations?
A: The Euro, Monthly data is published by the European Central Bank with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Euro, Monthly (CCUSMA02IEM618N), retrieved from FRED.