Broad Effective Exchange Rate for Austria
NBATBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.80
Year-over-Year Change
1.30%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Austria measures the strength of the Austrian euro relative to a basket of foreign currencies. It provides insight into Austria's international trade competitiveness.
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 Broad Effective Exchange Rate for Austria is an index that tracks the value of the Austrian euro against a weighted basket of trading partner currencies. It is used to assess Austria's overall trade position and the effects of exchange rate movements on the country's exports and imports.
Methodology
The data is calculated by the Bank for International Settlements using trade-weighted exchange rates.
Historical Context
Policymakers and analysts monitor this trend to understand Austria's export performance and international economic integration.
Key Facts
- Austria is a major exporter, with exports equal to over 50% of GDP.
- The euro's exchange rate is a key determinant of Austria's trade balance.
- Movements in the broad exchange rate index signal changes in Austria's international price competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Austria measures the overall strength of the Austrian euro against a basket of currencies from its major trading partners.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into Austria's international trade competitiveness and the effects of exchange rate movements on its exports and imports.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using trade-weighted exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand Austria's export performance and international economic integration.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely information on Austria's exchange rate dynamics.
Related Trends
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Austria
AUTCP040500GPQ
Infra-Annual Labor Statistics: Working-Age Population Female: From 15 to 74 Years for Austria
LFWA74FEATA647N
Real Narrow Effective Exchange Rate for Austria
RNATBIS
Employment to Population Rate: All Ages: Males for Austria
LREPTTMAATA156N
Harmonized Index of Consumer Prices: Hospital Services for Austria
CP0630ATM086NEST
Infra-Annual Labor Statistics: Unemployment Male: From 25 to 54 Years for Austria
LFUN25MAATA647N
Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Austria (NBATBIS), retrieved from FRED.