National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Luxembourg
Euro, Annual
NAEXKP01LUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64,582,238,000.00
Year-over-Year Change
32.66%
Date Range
1/1/1995 - 1/1/2022
Summary
The Euro, Annual trend measures the value of the euro relative to the U.S. dollar on an annual basis. This exchange rate is a key indicator of global 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-dollar exchange rate is a benchmark for the strength of the European economy compared to the United States. It is closely watched by policymakers, investors, and analysts to assess the competitiveness of European exports and the purchasing power of European consumers.
Methodology
The data is collected by the U.S. Federal Reserve from foreign exchange markets.
Historical Context
The euro-dollar exchange rate influences decisions around monetary policy, trade agreements, and investment strategies.
Key Facts
- The euro was introduced in 1999.
- The euro reached its highest value against the dollar in 2008.
- Exchange rates impact the price of imports and exports.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the annual 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 key indicator of the relative strength of the European and U.S. economies, with implications for trade, investment, and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from 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 European exports, the purchasing power of European consumers, and the flow of capital between the two regions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent exchange rate movements.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP01LUA189S), retrieved from FRED.