International Merchandise Trade Statistics: Exports: Commodities for Slovak Republic
Euro, Quarterly, Seasonally Adjusted
XTEXVA01SKQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,882,300,000.00
Year-over-Year Change
12.93%
Date Range
1/1/1990 - 1/1/2025
Summary
This series measures the quarterly, seasonally adjusted exchange rate between the U.S. dollar and the euro. It is a key indicator of relative currency strength and international trade dynamics.
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 reflects the relative value of the two currencies, which is influenced by factors such as inflation, interest rates, and economic performance. Economists and policymakers monitor this trend to assess trade competitiveness and the impact on domestic and international markets.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
The euro-dollar exchange rate is widely referenced in economic analysis and policy decisions.
Key Facts
- The euro was introduced in 1999 and is the official currency of 19 EU member states.
- The euro-dollar exchange rate reached an all-time high of 1.60 in 2008 and a low of 0.84 in 2000.
- Fluctuations in the euro-dollar rate can significantly impact the competitiveness of EU and U.S. exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly, seasonally adjusted exchange rate between the U.S. dollar and the euro, the official currency of the European Union.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a key indicator of relative currency strength and international trade dynamics, influencing the competitiveness of exports and imports between the U.S. and EU.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The euro-dollar exchange rate is widely referenced in economic analysis and policy decisions, as it can significantly impact trade, inflation, and other macroeconomic factors.
Q: Are there update delays or limitations?
A: The euro-dollar exchange rate data is published quarterly with no major update delays or limitations.
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Citation
U.S. Federal Reserve, Euro, Quarterly, Seasonally Adjusted (XTEXVA01SKQ664S), retrieved from FRED.