Gross Domestic Product by Expenditure in Constant Prices: Private Final Consumption Expenditure for the European Union
National Currency, Annual, Not Seasonally Adjusted
NAEXKP02EUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,746,318,211,193.20
Year-over-Year Change
11.66%
Date Range
1/1/1995 - 1/1/2019
Summary
This economic trend measures the annual exchange rate of the U.S. dollar against the Euro, providing insight into the relative strength of the national currency.
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 exchange rate is a key economic indicator that reflects the purchasing power and international competitiveness of a country's currency. It is widely used by policymakers, investors, and analysts to assess a country's economic performance and make informed decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The national currency exchange rate is closely monitored by central banks and governments to inform monetary and trade policies.
Key Facts
- The US dollar to Euro exchange rate is a major global currency pair.
- The annual exchange rate is measured as the units of national currency per Euro.
- Exchange rate movements can impact import/export prices, inflation, and economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual exchange rate of the U.S. dollar against the Euro, which reflects the relative strength and purchasing power of the national currency.
Q: Why is this trend relevant for users or analysts?
A: The national currency exchange rate is a key economic indicator used by policymakers, investors, and analysts to assess a country's economic performance and make informed decisions.
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 national currency exchange rate is closely monitored by central banks and governments to inform monetary and trade policies.
Q: Are there update delays or limitations?
A: The annual exchange rate data is published by the Federal Reserve with minimal delay and is a reliable indicator of the national currency's performance.
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Citation
U.S. Federal Reserve, National Currency, Annual, Not Seasonally Adjusted (NAEXKP02EUA189S), retrieved from FRED.