Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Euro Area (19 Countries)
Euro, Annual, Seasonally Adjusted
MANMM101EZA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,302,909,000,000.00
Year-over-Year Change
139.94%
Date Range
1/1/1970 - 1/1/2022
Summary
The 'Euro, Annual, Seasonally Adjusted' trend measures the annual value of the euro currency in U.S. dollars, adjusted for seasonal variations. This data is crucial for analyzing international trade and the relative strength of the euro against other major 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
This economic indicator tracks the annual average exchange rate between the euro and the U.S. dollar, accounting for normal seasonal fluctuations. It provides important insights into the performance and stability of the euro, which is a key currency for global financial markets and the European economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and analysts use this trend to assess the competitiveness of European exports, the purchasing power of European consumers, and the overall health of the Eurozone economy.
Key Facts
- The euro was introduced in 1999 and is used by 19 of the 27 European Union member states.
- The euro is the second most traded currency in the world after the U.S. dollar.
- The euro area includes approximately 340 million people and accounts for around 16% of global GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Annual, Seasonally Adjusted' trend measures the annual average exchange rate between the euro and the U.S. dollar, adjusted for normal seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the performance and stability of the euro, which is a key currency for global financial markets and the European economy. It helps analyze international trade and the relative strength of the euro against other major currencies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the competitiveness of European exports, the purchasing power of European consumers, and the overall health of the Eurozone economy.
Q: Are there update delays or limitations?
A: The data is published with a delay, and it may not fully capture all seasonal variations or market fluctuations.
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Citation
U.S. Federal Reserve, Euro, Annual, Seasonally Adjusted (MANMM101EZA189S), retrieved from FRED.