Labor Compensation: Earnings: Manufacturing and Mining: Hourly for Austria
Euro, Annual
LCEAMM01ATA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,831.53
Year-over-Year Change
33.52%
Date Range
1/1/1965 - 1/1/2021
Summary
The 'Euro, Annual' trend tracks the annual average exchange rate between the euro and the U.S. dollar. This metric is crucial for analyzing international trade and capital flows.
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, Annual' trend represents the yearly average exchange rate between the euro and the U.S. dollar. It is widely used by economists, policymakers, and businesses to evaluate the relative strength of the euro and its impact on trade, investment, and economic performance.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The euro-dollar exchange rate is a key indicator monitored by central banks, international organizations, and financial markets.
Key Facts
- The euro was introduced in 1999 and adopted by 19 EU member states.
- The euro-dollar exchange rate reached a historic high of 1.60 in 2008.
- The euro-dollar rate is often used as a barometer of global economic conditions.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Annual' trend measures the yearly average exchange rate between the euro and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a crucial indicator for evaluating international trade, capital flows, and the relative strength of the euro.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The euro-dollar exchange rate is closely monitored by central banks, policymakers, and financial markets to assess economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The 'Euro, Annual' data is published with a relatively short delay and provides a comprehensive overview of the annual average exchange rate.
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SLRTTO02ATQ661S
Residential Property Prices for Austria
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SPASTT01ATA657N
Citation
U.S. Federal Reserve, Euro, Annual (LCEAMM01ATA189N), retrieved from FRED.