National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Estonia
Euro, Annual
NAEXKP03EEA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,711,165,100.00
Year-over-Year Change
32.34%
Date Range
1/1/1995 - 1/1/2022
Summary
The Euro, Annual trend measures the annual average exchange rate between the U.S. dollar and the Euro. This key indicator is widely used by economists and policymakers to analyze international trade, foreign investment, and the relative strength of the U.S. 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, Annual series represents the yearly average of the daily Euro to U.S. dollar exchange rate. It is an important economic indicator that reflects the relative value of the two currencies and can impact factors like import/export prices, tourism, and cross-border investment decisions.
Methodology
The data is calculated by the U.S. Federal Reserve based on daily spot exchange rate observations.
Historical Context
Tracking the Euro, Annual trend helps inform monetary, fiscal, and trade policy decisions.
Key Facts
- The Euro was introduced in 1999.
- The Euro is the official currency of 19 of the 27 EU member states.
- The Euro, Annual series began in 1999.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the yearly average exchange rate between the U.S. dollar and the Euro currency.
Q: Why is this trend relevant for users or analysts?
A: Tracking the Euro, Annual exchange rate is crucial for analyzing international trade, foreign investment flows, and the relative strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on daily spot exchange rate observations.
Q: How is this trend used in economic policy?
A: The Euro, Annual exchange rate is used by policymakers, central banks, and market analysts to inform monetary, fiscal, and trade policy decisions.
Q: Are there update delays or limitations?
A: The Euro, Annual data is published with a short lag and represents the full-year average exchange rate.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP03EEA652S), retrieved from FRED.