Labor Compensation: Earnings: Manufacturing and Mining: Monthly for Austria
Euro, Quarterly, Not Seasonally Adjusted
LCEAMM03ATQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
326,642.55
Year-over-Year Change
7.96%
Date Range
1/1/1960 - 7/1/2022
Summary
This economic trend tracks the euro exchange rate on a quarterly basis without seasonal adjustments. It is a key indicator for analyzing international trade, foreign investment, and the competitiveness of the eurozone economy.
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 exchange rate, not seasonally adjusted, represents the value of the euro relative to other major currencies. This metric is closely watched by economists, policymakers, and market participants to assess the eurozone's economic health and trade dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
The euro exchange rate is a crucial input for monetary and trade policy decisions by central banks and governments.
Key Facts
- The euro is the official currency of 19 of the 27 European Union member states.
- The euro was introduced in 1999 and became a physical currency in 2002.
- The euro is the second-most traded currency in the global foreign exchange market after the U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly value of the euro against other major currencies, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The euro exchange rate is a key indicator for assessing the eurozone's economic competitiveness, trade dynamics, and the potential impact on monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: The euro exchange rate is a crucial input for monetary and trade policy decisions by central banks and governments in the eurozone and globally.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a potential delay of several weeks. There may be limitations in capturing rapid, short-term exchange rate fluctuations.
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Citation
U.S. Federal Reserve, Euro, Quarterly, Not Seasonally Adjusted (LCEAMM03ATQ189N), retrieved from FRED.