International Merchandise Trade Statistics: Exports: Commodities for Slovak Republic
Euro, Not Seasonally Adjusted
XTEXVA01SKQ664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,875,300,000.00
Year-over-Year Change
11.99%
Date Range
1/1/1991 - 1/1/2025
Summary
The 'Euro, Not Seasonally Adjusted' metric measures the value of the euro against a basket of major currencies on a trade-weighted basis, without seasonal adjustments. This important indicator provides insights into the relative strength and competitiveness of the euro in global currency markets.
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, Not Seasonally Adjusted' index tracks the trade-weighted value of the euro against a selection of major currencies. It is a key gauge of the euro's international purchasing power and competitiveness. Economists and policymakers closely monitor this index to assess the euro's performance and potential impacts on trade, inflation, and economic growth.
Methodology
The data is calculated based on exchange rates reported by central banks and monetary authorities.
Historical Context
Movements in the euro's trade-weighted value have significant implications for the European Union's economic and trade policies.
Key Facts
- The euro is the official currency of 19 out of 27 European Union member states.
- The euro is the second-most traded currency in the global foreign exchange market after the U.S. dollar.
- The euro's trade-weighted value is an important indicator of the eurozone's economic health and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Not Seasonally Adjusted' metric measures the trade-weighted value of the euro against a basket of major currencies, providing insights into the euro's international purchasing power and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: Movements in the euro's trade-weighted value have significant implications for the European Union's economic and trade policies, as well as the competitiveness of eurozone exports and imports.
Q: How is this data collected or calculated?
A: The data is calculated based on exchange rates reported by central banks and monetary authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the euro's trade-weighted value to assess its impact on the eurozone's economic growth, inflation, and trade dynamics.
Q: Are there update delays or limitations?
A: The 'Euro, Not Seasonally Adjusted' data is typically published with minimal delays by the U.S. Federal Reserve.
Related Trends
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SVKCPGRSE01GPM
National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Slovak Republic
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Volatility of Stock Price Index for Slovakia
DDSM01SKA066NWDB
International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic
XTIMVA01SKQ657S
Financial Market: Share Prices for Slovak Republic
SPASTT01SKQ661N
Use of Financial Services, Assets: Outstanding Loans to Households at Credit Unions and Financial Cooperatives for Slovak Republic
SVKFCSODUHXDC
Citation
U.S. Federal Reserve, Euro, Not Seasonally Adjusted (XTEXVA01SKQ664N), retrieved from FRED.