International Merchandise Trade Statistics: Imports: Commodities for Austria
Euro, Annual, Not Seasonally Adjusted
XTIMVA01ATA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
195,907,800,000.00
Year-over-Year Change
41.00%
Date Range
1/1/1953 - 1/1/2024
Summary
This economic trend measures the annual exchange rate between the Euro and the U.S. dollar in non-seasonally adjusted terms. It is a key indicator for analyzing international trade, capital flows, and currency market 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/U.S. dollar exchange rate is a widely followed measure of the relative strength of the two major global currencies. Economists and analysts use this trend to assess a country's international competitiveness, the impact of exchange rate movements on imports/exports, and broader macroeconomic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily currency market transactions.
Historical Context
Policymakers and market participants closely monitor the Euro/USD exchange rate to inform decisions around monetary policy, trade agreements, and investment strategies.
Key Facts
- The Euro was introduced in 1999 as the official currency of the European Union.
- The Euro/USD exchange rate reached an all-time high of 1.60 in 2008.
- Fluctuations in the exchange rate can significantly impact the cost of imports and exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate between the Euro and the U.S. dollar in non-seasonally adjusted terms.
Q: Why is this trend relevant for users or analysts?
A: The Euro/USD exchange rate is a critical indicator for evaluating international trade, capital flows, and the relative strength of these major global currencies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily currency market transactions.
Q: How is this trend used in economic policy?
A: Policymakers and market participants monitor the Euro/USD exchange rate to inform decisions around monetary policy, trade agreements, and investment strategies.
Q: Are there update delays or limitations?
A: The data is published annually without seasonal adjustments, so there may be a delay in the most recent observations.
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Citation
U.S. Federal Reserve, Euro, Annual, Not Seasonally Adjusted (XTIMVA01ATA664N), retrieved from FRED.