National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Luxembourg
Euro, Annual
NAEXKP02LUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,572,172,000.00
Year-over-Year Change
30.07%
Date Range
1/1/1995 - 1/1/2022
Summary
The Euro, Annual trend measures the average annual exchange rate between the U.S. dollar and the euro. This metric is crucial for economists and policymakers to understand international trade and competitiveness.
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 to U.S. dollar foreign exchange rate. This long-term trend provides insight into the relative strength and purchasing power of the two currencies, which impacts global commerce, cross-border investments, and international travel.
Methodology
The data is calculated by the Federal Reserve based on market exchange rates.
Historical Context
The euro-dollar exchange rate is a key indicator used by central banks, multinational corporations, and financial analysts.
Key Facts
- The euro was introduced in 1999.
- The euro-dollar rate reached a record high of 1.60 in 2008.
- The exchange rate impacts the competitiveness of U.S. and European exports.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the average annual exchange rate between the U.S. dollar and the euro currency.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a crucial indicator for understanding international trade, investments, and the relative strength of the two economies.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on daily market exchange rates.
Q: How is this trend used in economic policy?
A: Central banks, multinational corporations, and financial analysts use the euro-dollar exchange rate to inform monetary policy, trade strategy, and investment decisions.
Q: Are there update delays or limitations?
A: The annual data is published with a short delay, but represents the full-year average exchange rate.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP02LUA189S), retrieved from FRED.