International Trade: Imports: Value (Goods): Total for the Euro Area (19 Countries)
Euro, monthly level, Monthly, Not Seasonally Adjusted
XTIMVA01EZM664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
227,679,000,000.00
Year-over-Year Change
-11.94%
Date Range
1/1/1990 - 4/1/2023
Summary
This trend measures the monthly level of the euro exchange rate against the U.S. dollar. It is a key indicator for analyzing exchange rate movements and their impact on international trade and financial 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 monthly level exchange rate represents the U.S. dollar price of one euro. This exchange rate is widely followed by economists, policymakers, and investors to assess the relative strength of the euro and its implications for the global economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
Trends in the euro-dollar exchange rate influence a range of economic policies and market dynamics.
Key Facts
- The euro was introduced in 1999 and is the official currency of 19 European Union countries.
- The euro-dollar exchange rate reached an all-time high of 1.60 in 2008 and a low of 0.85 in 2000.
- Exchange rate fluctuations impact the competitiveness of exports and imports for the Eurozone and the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of the euro exchange rate against the U.S. dollar, representing the price of one euro in U.S. dollar terms.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a critical indicator for evaluating the relative strength of the euro, international trade dynamics, and the global economic environment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: Trends in the euro-dollar exchange rate influence a range of economic policies and market dynamics, including international trade, financial investment, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The euro monthly level data is published by the Federal Reserve with no known update delays or significant limitations.
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Citation
U.S. Federal Reserve, Euro, monthly level, Monthly, Not Seasonally Adjusted (XTIMVA01EZM664N), retrieved from FRED.