International Trade: Exports: Value (goods): Total for the European Union
National currency, monthly level, Monthly, Not Seasonally Adjusted
EU28XTEXVA01NCMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
454,864,500,000.00
Year-over-Year Change
-0.21%
Date Range
1/1/1999 - 1/1/2020
Summary
This economic trend measures the monthly level of the national currency, providing insight into exchange rate movements and international trade 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 national currency monthly level trend tracks the value of a country's domestic currency relative to other global currencies. This data is widely used by economists, policymakers, and market analysts to evaluate macroeconomic conditions and forecast exchange rate changes.
Methodology
The data is collected and reported by national statistical agencies and central banks.
Historical Context
Changes in the national currency level can impact a country's import/export competitiveness and influence monetary policy decisions.
Key Facts
- The national currency level is reported monthly.
- Exchange rate movements impact a country's trade balance.
- Central banks monitor currency levels to guide policy decisions.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the monthly level of a country's national currency, which reflects its value relative to other global currencies.
Q: Why is this trend relevant for users or analysts?
A: The national currency level is a key indicator used by economists, policymakers, and market participants to assess a country's international trade competitiveness and guide macroeconomic decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by national statistical agencies and central banks.
Q: How is this trend used in economic policy?
A: Changes in the national currency level can influence a country's import/export competitiveness, affecting trade balances, and may prompt central banks to adjust monetary policy in response.
Q: Are there update delays or limitations?
A: The national currency level data is reported monthly, with no significant delays. However, the data may be subject to revisions over time as additional information becomes available.
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Citation
U.S. Federal Reserve, National currency, monthly level, Monthly, Not Seasonally Adjusted (EU28XTEXVA01NCMLM), retrieved from FRED.