International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic
Euro, Monthly, Not Seasonally Adjusted
XTIMVA01SKM664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,957,600,000.00
Year-over-Year Change
-2.44%
Date Range
1/1/1991 - 5/1/2025
Summary
The 'Euro, Monthly, Not Seasonally Adjusted' trend measures the monthly exchange rate between the Euro and the U.S. Dollar. This data is crucial for understanding international trade, foreign investment, and the relative strength of the Euro.
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 trend represents the nominal exchange rate between the Euro and the U.S. Dollar on a monthly basis, without seasonal adjustments. The exchange rate is a key economic indicator that reflects the relative values of the two currencies and impacts cross-border transactions, financial markets, and macroeconomic policies.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market rates.
Historical Context
Policymakers and analysts use this exchange rate data to assess economic performance, forecast trade flows, and inform monetary and fiscal decisions.
Key Facts
- The Euro was introduced in 1999 and is used by 19 European Union countries.
- The Euro is the second most traded currency in the global foreign exchange market.
- Exchange rates can significantly impact the competitiveness of a country's exports and imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly nominal exchange rate between the Euro and the U.S. Dollar, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The Euro-Dollar exchange rate is a crucial indicator for understanding international trade, cross-border investments, and the relative strength of the two currencies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate data to assess economic performance, forecast trade flows, and inform monetary and fiscal decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with minimal delays, providing timely information for economic analysis and decision-making.
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Citation
U.S. Federal Reserve, Euro, Monthly, Not Seasonally Adjusted (XTIMVA01SKM664N), retrieved from FRED.