Sales: Retail Trade: Total Retail Trade: Volume for Euro Area (19 Countries)
Index 2015=100, Monthly, Not Seasonally Adjusted
EA19SLRTTO01IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.81
Year-over-Year Change
-1.23%
Date Range
1/1/1995 - 10/1/2023
Summary
This index measures the real effective exchange rate of the Euro area against a broad basket of trading partners' currencies. It is an important indicator of a region's trade 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 Area Real Effective Exchange Rate Index tracks the value of the Euro relative to other major global currencies, adjusted for inflation. It is widely used by economists and policymakers to assess the competitiveness of Eurozone exports and imports.
Methodology
The data is calculated by the European Central Bank based on exchange rates and price indices.
Historical Context
Changes in the real effective exchange rate can impact trade flows, inflation, and economic growth within the Eurozone.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- A higher index value indicates a stronger Euro relative to trading partners.
- The index incorporates currencies of over 40 countries that trade with the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Euro Area Real Effective Exchange Rate Index tracks the inflation-adjusted value of the Euro relative to a broad basket of other major currencies.
Q: Why is this trend relevant for users or analysts?
A: Changes in the real effective exchange rate can have significant impacts on Eurozone trade, inflation, and economic growth, making it an important indicator for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the European Central Bank based on exchange rates and price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the real effective exchange rate to assess the Eurozone's trade competitiveness and make decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the European Central Bank with no known delays or limitations.
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Citation
U.S. Federal Reserve, Euro Area Real Effective Exchange Rate (EA19SLRTTO01IXOBM), retrieved from FRED.