National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Luxembourg
Euro, Annual
NAEXKP04LUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,751,600,000.00
Year-over-Year Change
37.56%
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. It is a key indicator for economists and policymakers to assess international trade and the relative strength of currencies.
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 market exchange rate between the U.S. dollar and the euro, the official currency of the European Union. This metric is widely used to understand economic relationships, exchange rate movements, and international competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Euro, Annual trend provides important context for trade, investment, and monetary policy analysis.
Key Facts
- The euro was introduced in 1999 and became the official currency of 19 EU member states.
- The euro-dollar exchange rate is a key barometer of the relative economic strength between the U.S. and Europe.
- Exchange rate fluctuations can significantly impact international trade, investment, and corporate profits.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the yearly average market 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 indicator for understanding international trade dynamics, the relative economic performance of the U.S. and Europe, and the potential impacts on businesses and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Euro, Annual trend provides important context for trade, investment, and monetary policy analysis by central banks, governments, and market participants.
Q: Are there update delays or limitations?
A: The Euro, Annual data is published by the Federal Reserve with minimal delay, making it a timely and reliable indicator of exchange rate movements.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP04LUA189S), retrieved from FRED.