International Merchandise Trade Statistics: Trade Balance: Commodities for Ireland
Euro, Quarterly, Seasonally Adjusted
XTNTVA01IEQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,823,300,000.00
Year-over-Year Change
174.28%
Date Range
1/1/1955 - 1/1/2025
Summary
This economic indicator tracks the quarterly, seasonally adjusted exchange rate between the Euro and the U.S. dollar. It is a key measure of the relative strength of the Euro compared to the U.S. currency.
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/U.S. dollar exchange rate is a widely followed economic metric that reflects the purchasing power parity between the two major global currencies. It is used by policymakers, analysts, and investors to assess economic conditions and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Trends in the Euro/USD exchange rate can influence international trade, capital flows, and the competitiveness of Eurozone economies.
Key Facts
- The Euro was introduced in 1999 and is the official currency of 19 EU member states.
- The Euro/USD exchange rate reached an all-time high of 1.60 in 2008.
- Fluctuations in the Euro/USD rate can significantly impact European and U.S. exports and imports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarterly, seasonally adjusted exchange rate between the Euro and the U.S. dollar, which reflects the relative strength and purchasing power of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The Euro/USD exchange rate is a crucial metric for evaluating international trade, capital flows, and the competitiveness of Eurozone economies. It is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Trends in the Euro/USD exchange rate can influence decisions made by central banks, trade negotiators, and other economic policymakers in both the Eurozone and the United States.
Q: Are there update delays or limitations?
A: The Euro/USD exchange rate data is published quarterly with a relatively short delay, providing timely information for analysis and decision-making.
Related Trends
Amount Outstanding Due within One Year of International Debt Securities for General Government Sector, Residence of Issuer in Ireland
IDS1YMAORIGGIE
Producer Prices Index: Economic Activities: Domestic Energy for Ireland
PIEAEN02IEA661N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Ireland
IRLCPICORMINMEI
International Merchandise Trade Statistics: Trade Balance: Commodities for Ireland
XTNTVA01IEM667S
Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Ireland
LFAC25TTIEA647N
Harmonized Index of Consumer Prices: Milk, Cheese and Eggs for Ireland
CP0114IEM086NEST
Citation
U.S. Federal Reserve, Euro, Quarterly, Seasonally Adjusted (XTNTVA01IEQ664S), retrieved from FRED.