International Merchandise Trade Statistics: Imports: Commodities for Austria
Euro, Annual, Seasonally Adjusted
XTIMVA01ATA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
194,988,200,000.00
Year-over-Year Change
40.17%
Date Range
1/1/1953 - 1/1/2024
Summary
The 'Euro, Annual, Seasonally Adjusted' trend measures the value of the euro currency relative to the U.S. dollar on an annual basis, adjusted for seasonal factors. This metric is closely watched by economists and policymakers to gauge the euro's strength and competitiveness.
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
This economic trend represents the annual average exchange rate between the euro and the U.S. dollar, with seasonal variations removed. It is a key indicator of the euro's purchasing power and can influence international trade, investment, and monetary policy decisions.
Methodology
The data is collected by the U.S. Federal Reserve and calculated as the annual average of daily spot exchange rates.
Historical Context
Analysts and policymakers use this trend to assess the euro's performance and its impact on the broader economy.
Key Facts
- The euro was introduced in 1999 and is the official currency of 19 EU member states.
- The euro-dollar exchange rate is one of the most actively traded currency pairs globally.
- Fluctuations in the euro's value can affect the competitiveness of European exports.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Annual, Seasonally Adjusted' trend measures the annual average exchange rate between the euro and the U.S. dollar, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the euro's purchasing power and competitiveness, which can influence international trade, investment, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve and calculated as the annual average of daily spot exchange rates.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the euro's performance and its impact on the broader economy, informing decisions related to trade, investment, and monetary policy.
Q: Are there update delays or limitations?
A: The data is updated annually and may be subject to revisions. There may be a delay of several months between the end of the reference year and the data release.
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Citation
U.S. Federal Reserve, Euro, Annual, Seasonally Adjusted (XTIMVA01ATA664S), retrieved from FRED.