Net Trade: Value Goods for the European Union
National currency, Monthly Level, Monthly, Not Seasonally Adjusted
XTNTVA01EUM664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4,040,500,000.00
Year-over-Year Change
-62.92%
Date Range
1/1/1999 - 1/1/2020
Summary
This economic indicator tracks the monthly level of the national currency, providing insights into currency fluctuations and exchange rate dynamics.
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 national currency level represents the value of a country's official monetary unit compared to other currencies. This metric is closely monitored by economists, policymakers, and market participants to analyze a nation's economic performance and assess the impact of exchange rate movements.
Methodology
The data is collected and calculated by government statistical agencies.
Historical Context
Currency levels influence international trade, foreign investment, and macroeconomic stability, making this indicator crucial for economic analysis and policy decisions.
Key Facts
- The national currency level is reported monthly.
- This indicator is not seasonally adjusted.
- Currency fluctuations impact international trade and investment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly level of a country's national currency, providing insights into currency valuation and exchange rate dynamics.
Q: Why is this trend relevant for users or analysts?
A: Currency levels are a key factor influencing international trade, foreign investment, and macroeconomic stability, making this indicator crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by government statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess a country's economic performance and the impact of exchange rate movements on trade, investment, and overall macroeconomic conditions.
Q: Are there update delays or limitations?
A: The national currency level data is reported monthly and may be subject to revisions or delays in publication.
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Harmonized Index of Consumer Prices: Administered Prices for European Union
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Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for European Union (27 Countries from 2020)
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Exports: Value Goods for the European Union
XTEXVA01EUM667S
Citation
U.S. Federal Reserve, National currency, Monthly Level, Monthly, Not Seasonally Adjusted (XTNTVA01EUM664N), retrieved from FRED.