Labor Compensation: Earnings: All Activities: Monthly for Slovak Republic
Euro, Annual
LCEATT03SKA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,304.25
Year-over-Year Change
69.55%
Date Range
1/1/1990 - 1/1/2022
Summary
The Euro, Annual trend measures the average annual exchange rate between the U.S. dollar and the Euro. This key indicator provides insight into the relative strength and purchasing power of the two currencies.
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 tracks the yearly average of daily Euro to U.S. dollar exchange rates. This metric is widely used by economists, policymakers, and financial analysts to assess currency market dynamics and the competitiveness of national economies.
Methodology
The data is collected by the U.S. Federal Reserve from daily currency market observations.
Historical Context
The Euro, Annual trend informs trade policy, capital flows, and multinational business decisions.
Key Facts
- The Euro was introduced in 1999, replacing national currencies in 19 EU countries.
- The Euro, Annual rate reached a high of $1.49 in 2008 and a low of $1.05 in 2017.
- Currency exchange rates impact the prices of imports, exports, and foreign investments.
FAQs
Q: What does the Euro, Annual trend measure?
A: The Euro, Annual series tracks the yearly average exchange rate between the U.S. dollar and the Euro currency.
Q: Why is the Euro, Annual trend relevant for users or analysts?
A: The Euro-Dollar exchange rate is a key economic indicator used to assess trade balances, capital flows, and the relative purchasing power of the two currencies.
Q: How is the Euro, Annual data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from daily observations of currency market exchange rates.
Q: How is the Euro, Annual trend used in economic policy?
A: Policymakers and analysts use this trend to inform trade policy, cross-border investments, and multinational business decisions.
Q: Are there update delays or limitations for the Euro, Annual data?
A: The Euro, Annual data is published by the Federal Reserve with a typical lag of 1-2 months following the end of the calendar year.
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Citation
U.S. Federal Reserve, Euro, Annual (LCEATT03SKA189N), retrieved from FRED.