National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Luxembourg
Euro, Annual
NAEXKP03LUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,399,050,000.00
Year-over-Year Change
50.98%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Euro, Annual' series tracks the annual average exchange rate between the U.S. dollar and the euro, a key indicator for international trade and macroeconomic analysis.
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
This series provides the annual average of the daily noon buying rates in New York City for cable transfers payable in foreign currencies, a measure of the U.S. dollar's value relative to the euro. It is a critical metric for evaluating economic performance, foreign investment, and import/export dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Historical Context
Policymakers and analysts use this exchange rate trend to assess trade balances, inflation, and the overall competitiveness of the U.S. economy.
Key Facts
- The euro was introduced in 1999 and became the official currency of 19 EU member states.
- The U.S. dollar-euro exchange rate reached its highest annual average of 1.47 in 2008.
- In 2021, the annual average dollar-euro exchange rate was 1.18.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Annual' series tracks the yearly average exchange rate between the U.S. dollar and the euro, the official currency of 19 European Union member states.
Q: Why is this trend relevant for users or analysts?
A: The dollar-euro exchange rate is a critical indicator for evaluating international trade, foreign investment, and the overall competitiveness of the U.S. economy.
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 transactions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate trend to assess trade balances, inflation, and the overall competitiveness of the U.S. economy.
Q: Are there update delays or limitations?
A: The data is published annually with no significant update delays, providing a reliable long-term view of the dollar-euro exchange rate.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP03LUA189S), retrieved from FRED.