Currency Conversions: EURO Exchange Rate: Spot, End of Period: EUR: National Currency for United States
CCEUSP01USM651N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-3.48%
Date Range
1/1/1999 - 12/1/2023
Summary
This economic trend measures the spot end-of-period exchange rate between the Euro and the U.S. dollar, which is crucial for understanding international trade and currency market 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
The Euro-to-U.S. dollar exchange rate is a key indicator of the relative strength and valuation of the two major global currencies. It is widely used by economists, policymakers, and market participants to analyze cross-border transactions, investment flows, and exchange rate risks.
Methodology
The data is collected directly from foreign exchange markets by the U.S. Federal Reserve.
Historical Context
This exchange rate trend provides important context for decisions around international business, trade policy, and monetary policy.
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 dominant reserve currency, used in over 80% of foreign exchange transactions.
- Exchange rates fluctuate daily based on supply, demand, and market expectations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the spot exchange rate between the Euro and the U.S. dollar at the end of each period, indicating the relative value of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The Euro-Dollar exchange rate is a crucial indicator for understanding international trade, cross-border investments, and currency market dynamics.
Q: How is this data collected or calculated?
A: The data is collected directly from foreign exchange markets by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this exchange rate trend to inform decisions around international business, trade policy, and monetary policy.
Q: Are there update delays or limitations?
A: The data is published regularly with minimal delay, providing timely information on this important economic indicator.
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Citation
U.S. Federal Reserve, Currency Conversions: EURO Exchange Rate: Spot, End of Period: EUR: National Currency for United States (CCEUSP01USM651N), retrieved from FRED.