International Merchandise Trade Statistics: Trade Balance: Commodities for Ireland
Euro, Annual, Not Seasonally Adjusted
XTNTVA01IEA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,106,100,000.00
Year-over-Year Change
139.54%
Date Range
1/1/1955 - 1/1/2024
Summary
This annual, not seasonally adjusted series measures the euro exchange rate against the U.S. dollar. It is a key indicator of international trade and the relative strength of the European economy.
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 exchange rate against the U.S. dollar is a vital economic indicator, reflecting the demand for European goods and services globally. Analysts and policymakers use this data to assess the competitiveness of European exports and the impact on the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Central banks and trade policy officials monitor the euro exchange rate to inform decisions on interest rates, tariffs, and other economic policies.
Key Facts
- The euro is the official currency of 19 out of 27 EU member states.
- The euro-dollar exchange rate reached an all-time high of 1.60 in 2008.
- Exchange rate movements impact the competitiveness of European exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted exchange rate between the euro and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a key indicator of the relative strength of the European economy and the competitiveness of European exports globally.
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: Central banks and trade policy officials monitor the euro exchange rate to inform decisions on interest rates, tariffs, and other economic policies.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted data may have a short delay compared to more frequently updated exchange rate series.
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Citation
U.S. Federal Reserve, Euro, Annual, Not Seasonally Adjusted (XTNTVA01IEA664N), retrieved from FRED.