International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic
Euro, Seasonally Adjusted
XTIMVA01SKQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,734,000,000.00
Year-over-Year Change
7.32%
Date Range
1/1/1990 - 1/1/2025
Summary
The Euro exchange rate, seasonally adjusted, tracks the value of the Euro relative to a trade-weighted basket of major currencies. This key economic indicator is closely monitored by policymakers and analysts to assess trade competitiveness and inflationary pressures.
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 trade-weighted Euro exchange rate index measures the external value of the Euro against a basket of major trading partner currencies. Fluctuations in this index reflect changes in the purchasing power and trade dynamics of the Eurozone economy.
Methodology
The Federal Reserve calculates this index based on exchange rates and trade weights for the Euro and other major currencies.
Historical Context
The Euro exchange rate is a critical input for monetary and trade policy decisions by the European Central Bank and Eurozone governments.
Key Facts
- The Euro is the official currency of 19 of the 27 European Union member states.
- The trade-weighted Euro index has fallen over 15% since 2014.
- A weaker Euro can boost Eurozone exports but also raises import costs and inflation.
FAQs
Q: What does this economic trend measure?
A: The Euro exchange rate, seasonally adjusted, tracks the value of the Euro relative to a trade-weighted basket of major currencies.
Q: Why is this trend relevant for users or analysts?
A: Fluctuations in the trade-weighted Euro exchange rate index are closely monitored by policymakers and analysts to assess trade competitiveness and inflationary pressures in the Eurozone economy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on exchange rates and trade weights for the Euro and other major currencies.
Q: How is this trend used in economic policy?
A: The Euro exchange rate is a critical input for monetary and trade policy decisions by the European Central Bank and Eurozone governments.
Q: Are there update delays or limitations?
A: The Euro exchange rate data is published monthly with minimal delays.
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Citation
U.S. Federal Reserve, Euro, Seasonally Adjusted (XTIMVA01SKQ664S), retrieved from FRED.