International Merchandise Trade Statistics: Imports: Commodities for Spain
Euro, Quarterly, Seasonally Adjusted
XTIMVA01ESQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115,391,300,000.00
Year-over-Year Change
5.57%
Date Range
1/1/1966 - 1/1/2025
Summary
The 'Euro, Quarterly, Seasonally Adjusted' series measures the value of the euro currency against a trade-weighted basket of currencies on a quarterly basis, with seasonal adjustments. This economic indicator is widely followed by analysts and policymakers to assess the euro's international purchasing power 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 tracks the euro's exchange rate on a quarterly basis, providing insight into the currency's strength relative to major trading partners. It is an important indicator of the eurozone's trade position and can influence policy decisions related to monetary policy, international investment, and economic growth.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on exchange rate information from international currency markets.
Historical Context
Policymakers and market analysts closely monitor the euro's exchange rate to understand its impact on the eurozone economy and trade dynamics.
Key Facts
- The euro is the official currency of 19 of the 27 European Union member states.
- The euro was introduced as an accounting currency in 1999 and became a physical currency in 2002.
- The euro is the second most widely traded currency in the world after the U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of the euro currency against a trade-weighted basket of major currencies on a quarterly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The euro's exchange rate is a crucial indicator of the eurozone's trade position and competitiveness, influencing decisions related to monetary policy, international investment, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on exchange rate information from international currency markets.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the euro's exchange rate to understand its impact on the eurozone economy and trade dynamics, informing decisions related to monetary policy and international economic affairs.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of several months before the latest information is available.
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Citation
U.S. Federal Reserve, Euro, Quarterly, Seasonally Adjusted (XTIMVA01ESQ664S), retrieved from FRED.