International Trade: Net trade: Value (goods): Total for the European Union
National currency, monthly level, Quarterly, Seasonally Adjusted
EU28XTNTVA01NCMLSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,761,000,000.00
Year-over-Year Change
-11.72%
Date Range
1/1/1999 - 10/1/2019
Summary
This economic trend measures the national currency, on a monthly level, adjusted for seasonal factors. It provides valuable insights into currency fluctuations and their impact on international 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 national currency, monthly level, quarterly, seasonally adjusted trend tracks the value of a country's currency over time, accounting for regular seasonal patterns. This data is crucial for understanding exchange rate dynamics, which influence cross-border transactions, trade balances, and the competitiveness of domestic industries.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official national currency exchange rates.
Historical Context
Policymakers and market analysts closely monitor this trend to inform decisions on monetary policy, trade agreements, and economic strategies.
Key Facts
- The data is reported on a monthly basis.
- Seasonal adjustment accounts for regular patterns in currency fluctuations.
- This trend provides insight into a country's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the national currency of a country on a monthly level, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding exchange rate dynamics, which influence cross-border transactions, trade balances, and the competitiveness of domestic industries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on official national currency exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to inform decisions on monetary policy, trade agreements, and economic strategies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a short delay to account for the collection and adjustment process.
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Citation
U.S. Federal Reserve, National currency, monthly level, Quarterly, Seasonally Adjusted (EU28XTNTVA01NCMLSAQ), retrieved from FRED.