National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Germany
Euro, Annual
NAEXKP07DEA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,497,631,010,000.00
Year-over-Year Change
52.62%
Date Range
1/1/1991 - 1/1/2022
Summary
The 'Euro, Annual' metric measures the annual average exchange rate between the U.S. dollar and the euro. This trend is a key indicator of the relative strength of the two currencies and influences international trade and investment decisions.
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-to-dollar exchange rate reflects the purchasing power and international demand for the respective currencies. Economists and policymakers closely monitor this trend to assess economic performance and competitiveness.
Methodology
The Federal Reserve calculates this annual average exchange rate based on daily foreign exchange market data.
Historical Context
The euro-dollar exchange rate is a critical input for multinational companies, international investors, and economic analysts.
Key Facts
- The euro was introduced in 1999, replacing national currencies in 19 EU countries.
- The euro-dollar exchange rate reached an all-time high of 1.60 in 2008.
- The euro's value is influenced by interest rates, inflation, and economic growth in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Annual' metric measures 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 euro-dollar exchange rate is a critical indicator of the relative strength of the two currencies, influencing international trade, investment decisions, and the competitiveness of businesses.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this annual average exchange rate based on daily foreign exchange market data.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the euro-dollar exchange rate to assess economic performance and competitiveness, informing decisions on monetary policy, trade, and international investments.
Q: Are there update delays or limitations?
A: The annual euro-dollar exchange rate is published with a lag, and the data may not fully capture short-term currency market fluctuations.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP07DEA652S), retrieved from FRED.