International Merchandise Trade Statistics: Exports: Commodities for Slovak Republic
Euro, Monthly, Not Seasonally Adjusted
XTEXVA01SKM664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,394,800,000.00
Year-over-Year Change
3.08%
Date Range
1/1/1991 - 5/1/2025
Summary
The 'Euro, Monthly, Not Seasonally Adjusted' trend measures the nominal exchange rate between the U.S. dollar and the euro, which is a critical economic indicator for international trade and finance.
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 exchange rate series represents the value of the euro relative to the U.S. dollar on a monthly basis, without seasonal adjustments. It is a key metric for analyzing cross-border transactions, capital flows, and the competitiveness of exports.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and market analysts closely monitor this exchange rate trend to assess economic conditions and inform decision-making.
Key Facts
- The euro was introduced in 1999 and is the official currency of 19 European Union countries.
- The U.S. dollar is the world's most widely traded and held reserve currency.
- Exchange rates fluctuate based on factors like interest rates, inflation, and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the nominal exchange rate between the U.S. dollar and the euro on a monthly basis, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a critical indicator for international trade, capital flows, and the competitiveness of exports, making it essential for policymakers and market analysts.
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: Policymakers and market analysts closely monitor this exchange rate trend to assess economic conditions and inform decision-making related to trade, investment, and monetary policy.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve, with no significant update delays, and represents market exchange rates without seasonal adjustments.
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Citation
U.S. Federal Reserve, Euro, Monthly, Not Seasonally Adjusted (XTEXVA01SKM664N), retrieved from FRED.