Labor Compensation: Earnings: Manufacturing and Mining: Monthly for Austria
Euro, Annual, Not Seasonally Adjusted
LCEAMM03ATA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
354,715.94
Year-over-Year Change
33.35%
Date Range
1/1/1960 - 1/1/2021
Summary
This annual, not seasonally adjusted series measures the exchange rate between the U.S. dollar and the euro. It is a key indicator of international trade and currency markets.
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/U.S. dollar exchange rate is the value of the euro expressed in terms of the U.S. dollar. It is an important economic indicator used to analyze international trade flows, capital movements, and relative purchasing power between the eurozone and the United States.
Methodology
This data is collected by the U.S. Federal Reserve through daily monitoring of foreign exchange markets.
Historical Context
Policymakers and analysts closely track the euro/dollar exchange rate to understand its impacts on exports, imports, and the global competitiveness of U.S. and European businesses.
Key Facts
- The euro was introduced in 1999 and is the official currency of 19 of the 27 EU member states.
- The euro/dollar exchange rate reached an all-time high of 1.60 in 2008 and a low of 0.84 in 2000.
- The euro/dollar rate is heavily influenced by relative interest rates, inflation, and economic growth between the U.S. and the eurozone.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted exchange rate between the U.S. dollar and the euro. It represents the value of the euro expressed in terms of the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The euro/dollar exchange rate is a critical indicator for understanding international trade flows, capital movements, and relative economic performance between the U.S. and the eurozone.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through daily monitoring of foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the euro/dollar exchange rate to assess the competitiveness of U.S. and European exports, the impacts on trade balances, and the relative strength of the two economies.
Q: Are there update delays or limitations?
A: This annual, not seasonally adjusted series is subject to the typical release schedule and data collection process of the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Euro, Annual, Not Seasonally Adjusted (LCEAMM03ATA189N), retrieved from FRED.