Balance of Payments: Services: Expenditure for Estonia
Euro, Not Seasonally Adjusted
ESTB6DBSE01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,545,500,000.00
Year-over-Year Change
28.97%
Date Range
1/1/1993 - 10/1/2024
Summary
The 'Euro, Not Seasonally Adjusted' trend measures the value of the euro currency against a trade-weighted basket of foreign currencies, without seasonal adjustments. This data is important for economists and policymakers analyzing exchange rate dynamics and international trade.
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 is the official currency of the Eurozone, a monetary union of 19 European Union member states. The 'Euro, Not Seasonally Adjusted' series tracks the trade-weighted value of the euro relative to a basket of foreign currencies, providing insight into the euro's purchasing power and competitiveness in global markets.
Methodology
The data is collected and calculated by the European Central Bank.
Historical Context
Policymakers and market analysts use this trend to gauge the Eurozone's economic performance and trade dynamics.
Key Facts
- The euro is the second-most traded currency in the world after the U.S. dollar.
- The Eurozone is the world's second-largest economy after the United States.
- The euro was introduced as a physical currency in 2002, replacing national currencies in participating EU countries.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Not Seasonally Adjusted' trend measures the trade-weighted value of the euro currency against a basket of foreign currencies, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the euro's purchasing power and competitiveness in global markets, which is crucial for economists and policymakers analyzing the Eurozone's economic performance and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to gauge the Eurozone's economic performance and trade dynamics, which can inform decisions on monetary policy, exchange rate management, and international trade agreements.
Q: Are there update delays or limitations?
A: The data is published regularly by the European Central Bank, with potential delays or limitations depending on the source and data collection methods.
Related Trends
Infra-Annual Labor Statistics: Unemployment Rate Female: 15 Years or over for Estonia
LRUNTTFEEEQ156S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Estonia
ESTCP030000IXOBM
Production: Industry: Total Industry Excluding Construction for Estonia
PRINTO01EEA659S
Harmonized Index of Consumer Prices: Energy for Estonia
ENRGY0EEM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Estonia
ESTCPHPEN01IXOBM
Infra-Annual Labor Statistics: Employment Male: From 55 to 64 Years for Estonia
LFEM55MAEEA647N
Citation
U.S. Federal Reserve, Euro, Not Seasonally Adjusted (ESTB6DBSE01NCCUQ), retrieved from FRED.