International Trade: Exports: Value (goods): Total for the European Union
National currency, monthly level, Monthly, Seasonally Adjusted
EU28XTEXVA01NCMLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
470,460,000,000.00
Year-over-Year Change
0.23%
Date Range
1/1/1999 - 1/1/2020
Summary
This economic indicator measures the national currency, monthly level, seasonally adjusted, for the European Union (28 countries). It provides insights into the stability and trends of the Euro and other EU currencies.
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 data tracks the value of the official currency used in a given country or economic region over time. This metric is critical for assessing exchange rate dynamics, trade competitiveness, and the overall macroeconomic environment.
Methodology
This data is collected and calculated by Eurostat using standardized statistical methods.
Historical Context
Policymakers and analysts closely monitor national currency trends to inform decisions around monetary and fiscal policies.
Key Facts
- The Euro is the official currency of 19 out of the 28 EU member states.
- Currency stability is a key objective of the European Central Bank's monetary policy.
- Exchange rate fluctuations can significantly impact a country's import/export competitiveness.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monthly level of the national currency, adjusted for seasonal factors, across the European Union (28 countries).
Q: Why is this trend relevant for users or analysts?
A: Currency trends are critical for assessing exchange rate dynamics, trade competitiveness, and the overall macroeconomic environment within the EU.
Q: How is this data collected or calculated?
A: This data is collected and calculated by Eurostat using standardized statistical methods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor national currency trends to inform decisions around monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be some delays in reporting due to the complex nature of aggregating currency data across the EU.
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Citation
U.S. Federal Reserve, National currency, monthly level, Monthly, Seasonally Adjusted (EU28XTEXVA01NCMLSAM), retrieved from FRED.