Financial Market: Real Effective Exchange Rates: Unit Labor Costs Based for Luxembourg
CCRETT02LUA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.65
Year-over-Year Change
9.04%
Date Range
1/1/1970 - 1/1/2024
Summary
The Real Effective Exchange Rate (REER) for Luxembourg based on unit labor costs measures the country's international price competitiveness. It is a key economic indicator used by policymakers and analysts to assess Luxembourg's export performance and overall economic health.
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 REER index represents the value of Luxembourg's currency relative to a basket of other currencies, adjusted for differences in unit labor costs. It provides insight into the country's export price competitiveness compared to its trading partners.
Methodology
The data is calculated by the Federal Reserve using exchange rates and relative unit labor cost measures.
Historical Context
Policymakers and economists monitor Luxembourg's REER to inform decisions on trade, monetary, and fiscal policies.
Key Facts
- Luxembourg's REER index is based on 1999-2001 = 100.
- A rising REER indicates an appreciation of the Luxembourg franc.
- The REER is a more comprehensive measure than the nominal exchange rate alone.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) for Luxembourg based on unit labor costs measures the country's international price competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The REER provides insight into Luxembourg's export price competitiveness compared to its trading partners, which is a key factor for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve using exchange rates and relative unit labor cost measures.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor Luxembourg's REER to inform decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve on a regular basis, but may have some delay in reporting.
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Citation
U.S. Federal Reserve, Real Effective Exchange Rates: Unit Labor Costs Based for Luxembourg (CCRETT02LUA661N), retrieved from FRED.