International Merchandise Trade Statistics: Exports: Commodities for France
Euro, Annual, Seasonally Adjusted
XTEXVA01FRA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
589,849,100,000.00
Year-over-Year Change
33.23%
Date Range
1/1/1970 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted value of the euro against the U.S. dollar. It is a key indicator of international currency exchange rates and global economic conditions.
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/U.S. dollar exchange rate is a widely-tracked metric that reflects the relative strength and stability of the Eurozone economy compared to the United States. It has important implications for international trade, foreign investment, and macroeconomic policy.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Economists and policymakers closely monitor this exchange rate trend to assess economic performance and guide decisions on monetary policy, trade, and global competitiveness.
Key Facts
- The euro was introduced in 1999.
- The euro is the second most traded currency after the U.S. dollar.
- The euro/USD rate reached an all-time high of 1.60 in 2008.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate between the euro and the U.S. dollar. It reflects the relative value of the Eurozone currency compared to the American dollar.
Q: Why is this trend relevant for users or analysts?
A: The euro/USD exchange rate is a critical indicator of global economic conditions and competitiveness. It has important implications for international trade, foreign investment, and macroeconomic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the euro/USD exchange rate to assess economic performance and guide decisions on monetary policy, trade policy, and global competitiveness.
Q: Are there update delays or limitations?
A: The data is released on a regular annual basis with minimal delays, providing timely insights into this important economic indicator.
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Citation
U.S. Federal Reserve, Euro, Annual, Seasonally Adjusted (XTEXVA01FRA664S), retrieved from FRED.