National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Spain
Euro, Annual
NAEXKP07ESA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
397,361,000,000.00
Year-over-Year Change
26.38%
Date Range
1/1/1995 - 1/1/2022
Summary
The Euro, Annual trend measures the annual exchange rate between the Euro and U.S. Dollar. It is an important economic indicator for analyzing trade, international 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
The Euro, Annual series tracks the yearly average exchange rate between the Euro and U.S. Dollar. This metric is widely used by economists, policymakers, and market analysts to assess the purchasing power and international competitiveness of the Euro.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily market exchange rates.
Historical Context
The Euro, Annual trend is a key input for evaluating the impact of exchange rate movements on trade, inflation, and economic growth.
Key Facts
- The Euro was introduced in 1999.
- The Euro is the official currency of 19 EU member states.
- The Euro, Annual rate reached a high of 1.47 in 2008.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the yearly average exchange rate between the Euro and U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: The Euro, Annual rate is a crucial indicator for analyzing trade flows, international investment, and the relative strength of the Euro.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates the Euro, Annual trend based on daily market exchange rates.
Q: How is this trend used in economic policy?
A: The Euro, Annual rate is used by policymakers, central banks, and market analysts to assess the impact of exchange rate movements on trade, inflation, and economic growth.
Q: Are there update delays or limitations?
A: The Euro, Annual data is updated annually with a short delay, typically within a few months after the end of the calendar year.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP07ESA652S), retrieved from FRED.