National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Austria
Euro, Annual
NAEXKP06ATA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
234,542,878,059.00
Year-over-Year Change
47.14%
Date Range
1/1/1995 - 1/1/2022
Summary
The Euro, Annual trend measures the annual exchange rate between the U.S. dollar and the Euro. It is a key indicator for assessing the relative strength of the two major global currencies.
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 tracks the annual average of the daily Euro to U.S. dollar exchange rate. This data is used by economists, policymakers, and market analysts to understand exchange rate dynamics and their impacts on trade, investment, and monetary policy.
Methodology
The exchange rate data is collected and reported by the U.S. Federal Reserve.
Historical Context
The Euro, Annual trend is closely watched by financial markets and central banks to gauge global currency conditions.
Key Facts
- The Euro was introduced in 1999 and became the official currency of the Eurozone in 2002.
- The Euro, Annual trend reached its highest value of 1.47 in 2008.
- Exchange rate movements impact the relative purchasing power of consumers and businesses.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual trend measures the average annual exchange rate between the U.S. dollar and the Euro, the official currency of the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: The Euro-dollar exchange rate is a critical indicator for understanding global trade dynamics, capital flows, and the relative economic strength of the U.S. and Eurozone economies.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and reports the daily Euro to U.S. dollar exchange rate, which is then averaged annually to produce the Euro, Annual trend.
Q: How is this trend used in economic policy?
A: Central banks, policymakers, and market participants closely monitor the Euro, Annual trend to assess exchange rate risks, calibrate monetary policies, and make informed decisions about trade, investment, and economic strategy.
Q: Are there update delays or limitations?
A: The Euro, Annual data is updated annually by the Federal Reserve with a minimal delay, providing a reliable and timely representation of the long-term exchange rate trend.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP06ATA652S), retrieved from FRED.