Balance of payments BPM6: Current account Debits: Goods: Total Debits for the European Union
Euro, Seasonally Adjusted
EU28B6DBTD01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
486,389,300,000.00
Year-over-Year Change
15.36%
Date Range
1/1/1999 - 10/1/2019
Summary
The Euro, Seasonally Adjusted trend measures the value of the Euro currency against a trade-weighted basket of currencies, with seasonal adjustments to account for periodic variations.
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
This economic indicator provides insights into the relative strength and purchasing power of the Euro, which is a key factor in international trade, investment, and economic policy decisions.
Methodology
The data is collected and calculated by the European Central Bank using a trade-weighted formula.
Historical Context
Policymakers and market analysts closely monitor the Euro exchange rate to assess the competitiveness of Eurozone exports and the impact on domestic inflation.
Key Facts
- The Euro is the official currency of 19 of the 27 member states of the European Union.
- The Euro was introduced in 1999 and became the world's second-largest reserve currency after the U.S. dollar.
- The Euro, Seasonally Adjusted trend is updated monthly by the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The Euro, Seasonally Adjusted trend measures the value of the Euro currency relative to a trade-weighted basket of currencies, with adjustments made to account for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is a key indicator of the Eurozone's economic competitiveness and a major factor in international trade, investment, and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank using a trade-weighted formula.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the Euro exchange rate to assess the competitiveness of Eurozone exports and the impact on domestic inflation, which informs their economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Euro, Seasonally Adjusted trend is updated monthly by the European Central Bank, and there are no known significant delays or limitations in the data.
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Citation
U.S. Federal Reserve, Euro, Seasonally Adjusted (EU28B6DBTD01NCCUSAQ), retrieved from FRED.