Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Austria
Euro, Annual
CCUSMA02ATA618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.92
Year-over-Year Change
18.84%
Date Range
1/1/1957 - 1/1/2024
Summary
The Euro, Annual trend measures the annual exchange rate between the Euro and the U.S. dollar. It is a key indicator for analyzing international trade, foreign exchange markets, and macroeconomic policy.
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 trend represents the annual average exchange rate between the Euro and the U.S. dollar. This metric is widely used by economists, policymakers, and market participants to assess the relative strength of currencies, international competitiveness, and the balance of trade.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange rate observations.
Historical Context
The Euro, Annual trend provides important context for understanding the macroeconomic climate and the dynamics of global trade and investment.
Key Facts
- The Euro was introduced in 1999 and is the official currency of 19 EU member states.
- The Euro, Annual trend reached its highest level of 1.47 in 2008.
- Changes in the Euro-dollar exchange rate impact the price competitiveness of exports and imports.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the average annual 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 for assessing international trade, foreign exchange markets, and the relative strength of currencies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange rate observations.
Q: How is this trend used in economic policy?
A: The Euro, Annual trend provides important context for policymakers and market participants to understand macroeconomic conditions and global trade dynamics.
Q: Are there update delays or limitations?
A: The Euro, Annual data is typically released with a short delay, and may be subject to revisions by the Federal Reserve.
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Citation
U.S. Federal Reserve, Euro, Annual (CCUSMA02ATA618N), retrieved from FRED.