International Merchandise Trade Statistics: Exports: Commodities for Slovak Republic
Euro, Monthly, Seasonally Adjusted
XTEXVA01SKM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,326,600,000.00
Year-over-Year Change
5.78%
Date Range
1/1/1991 - 5/1/2025
Summary
The 'Euro, Monthly, Seasonally Adjusted' series measures the U.S. dollar exchange rate for the euro currency on a monthly basis, with seasonal adjustments. This metric is crucial for understanding international trade, investment flows, and the relative strength of the U.S. economy.
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 indicator of the relative value of the two major global currencies. It reflects the balance of supply and demand for euros versus U.S. dollars in international foreign exchange markets and serves as an important reference point for businesses, policymakers, and financial analysts.
Methodology
The data is collected by the U.S. Federal Reserve through monitoring of foreign exchange markets.
Historical Context
The euro-dollar exchange rate is closely watched by central banks, investors, and trade organizations to gauge economic conditions and make policy decisions.
Key Facts
- The euro was introduced as a physical currency in 2002, replacing national currencies in 19 European Union countries.
- The euro is the second most widely traded currency in the world after the U.S. dollar.
- Exchange rate fluctuations can significantly impact the competitiveness of exports and imports for both the U.S. and Eurozone economies.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Monthly, Seasonally Adjusted' series measures the U.S. dollar exchange rate for the euro currency on a monthly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a crucial indicator for understanding international trade, investment flows, and the relative strength of the U.S. economy compared to the Eurozone.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through monitoring of foreign exchange markets.
Q: How is this trend used in economic policy?
A: The euro-dollar exchange rate is closely watched by central banks, investors, and trade organizations to gauge economic conditions and make policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short delay, reflecting the time required to collect and process the foreign exchange market information.
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Citation
U.S. Federal Reserve, Euro, Monthly, Seasonally Adjusted (XTEXVA01SKM664S), retrieved from FRED.