Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Austria
CCUSSP01ATA650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
-14.60%
Date Range
1/1/1960 - 1/1/2023
Summary
This economic trend tracks the spot exchange rate between the US dollar and the Austrian schilling, which was the official currency of Austria until the adoption of the euro in 2002. It provides insight into the relative strength of the US dollar compared to the Austrian 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 US Dollar Exchange Rate: Spot, End of Period for Austria measures the market exchange rate between the US dollar and the former Austrian schilling on the last trading day of the period. This data point is used by economists and policymakers to analyze trade balances, international capital flows, and the competitiveness of national economies.
Methodology
The data is collected by the US Federal Reserve through spot market observations.
Historical Context
This exchange rate trend is relevant for understanding Austria's economic relationships and policy decisions during the period when the schilling was the national currency.
Key Facts
- The US dollar-Austrian schilling exchange rate peaked at 17.72 in 1995.
- The exchange rate reached its lowest point of 10.83 in 2001, the year before Austria adopted the euro.
- Austria joined the Eurozone in 1999, replacing the schilling with the euro as its national currency in 2002.
FAQs
Q: What does this economic trend measure?
A: This trend measures the spot exchange rate between the US dollar and the former Austrian schilling, which was Austria's national currency prior to the adoption of the euro.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate data provides insight into Austria's economic relationships and competitiveness during the period when the schilling was in use, which is relevant for understanding past trade balances, capital flows, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the US Federal Reserve through direct observations of the spot market exchange rate.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this exchange rate data to analyze the relative strength of the US dollar, assess trade competitiveness, and inform decisions related to international economic and monetary policy.
Q: Are there update delays or limitations?
A: As this trend measures the exchange rate for a currency that is no longer in use, the data is no longer actively updated. The most recent data point is from 2002, when Austria adopted the euro.
Related Trends
Production: Mining: Total for Austria
AUTPRMITO01IXOBSAM
Insurance Company Assets to GDP for Austria
DDDI11ATA156NWDB
Business Tendency Surveys: Order Books: Economic Activity: Manufacturing: Current for Austria
BSOBLV02ATM460S
Harmonized Index of Consumer Prices: Beer for Austria
CP0213ATM086NEST
Remittance Inflows to GDP for Austria
DDOI11ATA156NWDB
Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Austria
LFAC25TTATQ647N
Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Austria (CCUSSP01ATA650N), retrieved from FRED.