International Merchandise Trade Statistics: Exports: Commodities for Estonia
Euro, Annual, Not Seasonally Adjusted
XTEXVA01EEA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,400,000,000.00
Year-over-Year Change
38.97%
Date Range
1/1/1993 - 1/1/2024
Summary
This trend measures the annual exchange rate between the Euro and U.S. Dollar, providing insight into the relative value of the currencies over time.
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/Dollar exchange rate is a key economic indicator tracked by policymakers, analysts, and businesses. It reflects the supply and demand dynamics between the two major global currencies and can impact international trade, investment, and monetary policy decisions.
Methodology
The data is collected and reported by the Federal Reserve based on daily foreign exchange market rates.
Historical Context
Economists and market participants closely monitor this trend to assess economic conditions and risks.
Key Facts
- The Euro was introduced in 1999 and is the official currency of 19 EU member states.
- The Euro/Dollar exchange rate reached a record high of 1.60 in 2008 and a record low of 0.82 in 2000.
- Changes in the exchange rate can impact the competitiveness of Eurozone exports and the purchasing power of European consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate between the Euro and U.S. Dollar, which is the most actively traded currency pair in the world.
Q: Why is this trend relevant for users or analysts?
A: The Euro/Dollar exchange rate is a crucial indicator of global economic conditions and can significantly impact international trade, investment flows, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on daily foreign exchange market rates.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the Euro/Dollar exchange rate to assess economic conditions and make informed decisions about interest rates, foreign exchange interventions, and other policies.
Q: Are there update delays or limitations?
A: The data is reported annually and may not capture short-term fluctuations in the exchange rate.
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Citation
U.S. Federal Reserve, Euro, Annual, Not Seasonally Adjusted (XTEXVA01EEA664N), retrieved from FRED.