National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Luxembourg
Euro, Quarterly
NAEXKP01LUQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,957,892,000.00
Year-over-Year Change
4.44%
Date Range
1/1/1995 - 7/1/2023
Summary
The 'Euro, Quarterly' trend measures the euro's exchange rate against the U.S. dollar on a quarterly basis. This metric is closely watched by economists and policymakers to assess international trade and capital flows.
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-dollar exchange rate is a key indicator of the relative strength of the Eurozone economy compared to the United States. It provides insight into international competitiveness, trade balances, and investment flows between the two major economic blocs.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
The euro-dollar exchange rate is a critical input for economic forecasting, monetary policy decisions, and international business planning.
Key Facts
- The euro was introduced in 1999 and is the official currency of 19 EU member states.
- The euro-dollar exchange rate reached an all-time high of 1.60 in 2008 and a low of 0.84 in 2000.
- Changes in the euro-dollar rate can significantly impact the profits of multinational corporations.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Quarterly' trend measures the exchange rate between the euro and the U.S. dollar on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a critical indicator of the relative strength of the Eurozone economy compared to the United States, with important implications for international trade, investment flows, and corporate profitability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: The euro-dollar exchange rate is a key input for economic forecasting, monetary policy decisions, and international business planning by governments, central banks, and private sector analysts.
Q: Are there update delays or limitations?
A: The euro-dollar exchange rate data is published quarterly with minimal delay, providing timely information for users.
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Citation
U.S. Federal Reserve, Euro, Quarterly (NAEXKP01LUQ189S), retrieved from FRED.