International Trade: Exports: Value (goods): Total for the European Union
National currency, monthly level, Quarterly, Not Seasonally Adjusted
EU28XTEXVA01NCMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,428,188,700,000.00
Year-over-Year Change
12.94%
Date Range
1/1/1999 - 10/1/2019
Summary
This economic indicator tracks the monthly level of national currency, on a quarterly basis, without seasonal adjustment. It is a key measure of exchange rate dynamics and trade performance for the European Union.
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 level indicator represents the value of the euro relative to other global currencies. Economists and policymakers use this data to analyze exchange rate trends, trade competitiveness, and macroeconomic conditions in the EU.
Methodology
The data is collected and calculated by Eurostat based on official exchange rate reporting.
Historical Context
National currency levels are closely watched by central banks, trade organizations, and financial institutions to inform policy decisions and market strategies.
Key Facts
- The EU's national currency is the euro.
- Exchange rates impact import/export competitiveness.
- Quarterly data is used to analyze medium-term trends.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly level of the European Union's national currency, the euro, on a quarterly basis without seasonal adjustment.
Q: Why is this trend relevant for users or analysts?
A: Exchange rate dynamics are a key determinant of trade competitiveness and macroeconomic conditions, making this data highly relevant for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on official exchange rate reporting.
Q: How is this trend used in economic policy?
A: Central banks, trade organizations, and financial institutions closely monitor national currency levels to inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, which may limit the ability to analyze short-term exchange rate fluctuations.
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Citation
U.S. Federal Reserve, National currency, monthly level, Quarterly, Not Seasonally Adjusted (EU28XTEXVA01NCMLQ), retrieved from FRED.