National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Luxembourg
Euro, Annual
NAEXKP06LUA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132,101,809,000.00
Year-over-Year Change
60.64%
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. It is a key economic indicator used to assess the relative strength and competitiveness of the two 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 of the daily noon buying rates in New York City for cable transfers payable in foreign currencies, which are published by the Federal Reserve Bank of New York. This metric is widely referenced by economists, policymakers, and market analysts to understand exchange rate dynamics and international trade.
Methodology
The data is calculated by the Federal Reserve Bank of New York based on daily foreign exchange rate observations.
Historical Context
The Euro, Annual trend provides important context for evaluating the performance of the U.S. and European economies.
Key Facts
- The Euro was introduced in 1999 and became the official currency of the Eurozone in 2002.
- The Euro, Annual trend reached its highest level of 1.55 in 2008.
- Exchange rate movements impact the cost of imports and exports between the U.S. and Eurozone.
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, the official currency of the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: The Euro, Annual trend is a key indicator used by economists, policymakers, and market participants to assess the relative strength and competitiveness of the U.S. and European economies.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve Bank of New York based on daily foreign exchange rate observations.
Q: How is this trend used in economic policy?
A: The Euro, Annual trend provides important context for evaluating the performance of the U.S. and European economies and informing trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The Euro, Annual data is published with a relatively short delay and is considered a reliable and comprehensive measure of the annual average exchange rate.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP06LUA652S), retrieved from FRED.