National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Finland
Euro, Annual
NAEXKP02FIA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122,730,000,000.00
Year-over-Year Change
11.95%
Date Range
1/1/1990 - 1/1/2022
Summary
The Euro, Annual trend measures the annual value of the Euro currency against the U.S. dollar. It is a key economic indicator used by analysts and policymakers to assess international trade and financial 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
This series represents the annual average exchange rate between the Euro and the U.S. dollar. It is an important metric for evaluating the relative strength of the Euro, which is the official currency of the European Union and a major global reserve currency.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on daily foreign exchange market rates.
Historical Context
The Euro, Annual trend provides context for assessing the competitiveness of Eurozone exports, the purchasing power of European consumers, and the relative stability of the international monetary system.
Key Facts
- The Euro was introduced in 1999 and is used by 19 of the 27 EU member states.
- In 2022, the annual average Euro exchange rate was approximately $1.05 per Euro.
- The Euro is the second most-traded currency in the world after the U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the average annual exchange rate between the Euro currency and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the relative strength and purchasing power of the Euro, which is critical for assessing international trade, capital flows, and the stability of the global monetary system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on daily foreign exchange market rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Euro, Annual trend to evaluate the competitiveness of Eurozone exports, the purchasing power of European consumers, and the overall stability of the international monetary system.
Q: Are there update delays or limitations?
A: The Euro, Annual data is published with a lag, and may be subject to minor revisions over time. However, it provides a reliable annual average exchange rate for economic analysis and policymaking.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Finland
FINCPICORAINMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Finland
FINCP040500GYM
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Finland
FINFCLODCXDC
Balance of Payments: Gross Acquisitions / Disposals of Nonproduced Nonfinancial Assets: Balance (Revenue Minus Expenditure) for Finland
FINB6CATT01NCCUQ
Harmonized Index of Consumer Prices: Overall Index Excluding Energy and Seasonal Food for Finland
00XESEFIM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Finland
FINCPHP0100IXOBM
Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP02FIA189S), retrieved from FRED.