National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for France
Euro, Annual
NAEXKP02FRA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,263,093,800,000.00
Year-over-Year Change
9.84%
Date Range
1/1/1980 - 1/1/2022
Summary
The 'Euro, Annual' trend measures the annual average exchange rate between the U.S. dollar and the Euro. This metric is crucial for understanding international trade, foreign investment, and the relative strength of economies.
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 the daily Euro foreign exchange rate against the U.S. dollar. This exchange rate is a key economic indicator used to assess the competitiveness of national and regional economies in global markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange rate observations.
Historical Context
Policymakers and analysts monitor the Euro exchange rate to evaluate the impacts on domestic and international economic conditions.
Key Facts
- The Euro was introduced in 1999 and is used by 19 of the 27 EU member states.
- The Euro, Annual series began in 1999 when the currency was launched.
- Exchange rates fluctuate based on factors like interest rates, inflation, and trade balances.
FAQs
Q: What does this economic 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 this trend relevant for users or analysts?
A: The Euro exchange rate is a crucial indicator for understanding international trade, foreign investment, and the relative strength of national economies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange rate observations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the Euro exchange rate to evaluate the impacts on domestic and international economic conditions.
Q: Are there update delays or limitations?
A: The Euro, Annual series is published with a lag to allow for complete data collection and calculation for the full calendar year.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP02FRA189S), retrieved from FRED.