National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Spain
Euro, Annual
NAEXKP02ESA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
674,157,000,000.00
Year-over-Year Change
2.55%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Euro, Annual' trend measures the annual average exchange rate between the U.S. dollar and the euro. This key economic indicator is closely watched by policymakers, analysts, and businesses engaged in international trade and finance.
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 is the official currency of the European Union and one of the world's major reserve currencies. The Euro, Annual trend provides the yearly average of the daily euro to U.S. dollar exchange rate, offering insight into the relative strength and purchasing power of the two currencies.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily market exchange rates.
Historical Context
The euro-dollar exchange rate is a critical factor in global trade, investment, and the international monetary system.
Key Facts
- The euro was introduced in 1999 and is used by 19 of the 27 EU member states.
- The euro is the second most widely traded currency after the U.S. dollar.
- Exchange rates fluctuate based on factors like interest rates, inflation, and economic growth.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Annual' trend measures the yearly average exchange rate between the U.S. dollar and the euro, the official currency of the European Union.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a critical economic indicator that influences international trade, investment, and the global monetary system. Tracking this trend provides insight into the relative strength of the two currencies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses monitor the euro-dollar exchange rate to assess the impact on trade, financial markets, and the broader economy. Central banks may intervene to stabilize exchange rates as part of monetary policy.
Q: Are there update delays or limitations?
A: The 'Euro, Annual' data is published by the Federal Reserve with a relatively short delay, typically within a few weeks of the end of the calendar year.
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Gross Portfolio Debt Liabilities to GDP for Spain
DDDM10ESA156NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Spain
LFHUTTTTESM647S
National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Spain
NAEXKP02ESQ189S
Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP02ESA189S), retrieved from FRED.