National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Ireland
Euro, Annual
NAEXKP03IEA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,846,955,168.00
Year-over-Year Change
54.74%
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 metric is closely watched by economists and policymakers to analyze trade dynamics and international 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 represents the yearly average of the daily noon buying rates in New York City for cable transfers payable in foreign currencies, as certified by the Federal Reserve Bank. This exchange rate is a key indicator of relative currency strength and can impact international trade, investment, and macroeconomic policy.
Methodology
The data is collected and calculated by the Federal Reserve based on daily exchange rate observations.
Historical Context
The Euro, Annual trend is widely used by economists, analysts, and policymakers to interpret economic conditions and inform decisions.
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.
- Fluctuations in the euro-dollar rate can significantly impact the competitiveness of EU and U.S. exports.
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, a key indicator of relative currency strength.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is closely watched by economists, traders, and policymakers as it can significantly impact international trade, investment flows, and macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Q: How is this trend used in economic policy?
A: The Euro, Annual trend is used by central banks, finance ministries, and international organizations to monitor economic conditions and inform monetary, fiscal, and trade policy decisions.
Q: Are there update delays or limitations?
A: The Euro, Annual data is published with a short lag and represents the full-year average, providing a reliable long-term perspective on exchange rate trends.
Related Trends
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Ireland
LFWA64TTIEQ647S
Hourly Earnings: Private Sector for Ireland
LCEAPR01IEQ661S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Ireland
IRLCP040000GYQ
Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Ireland
IRLB6CATT00CXCUQ
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Ireland
LRHU24FEIEM156N
Producer Prices Index: Total Consumer Goods for Ireland
PITGCG01IEQ661N
Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP03IEA189S), retrieved from FRED.