Broad Effective Exchange Rate for Euro Area
NBXMBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.13
Year-over-Year Change
3.58%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for the Euro Area measures the strength of the euro against a trade-weighted basket of foreign currencies. This metric is closely watched by economists and policymakers to assess the euro's international 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 the Euro Area is an index that tracks the value of the euro against a comprehensive group of trading partner currencies. It provides a comprehensive view of the euro's purchasing power in global markets, which is important for evaluating export performance, trade balances, and the overall health of the Eurozone economy.
Methodology
The data is calculated by the Bank for International Settlements using exchange rate and trade data.
Historical Context
Central banks and economic analysts use this index to monitor the euro's exchange rate movements and their potential impacts on inflation, trade, and macroeconomic policy.
Key Facts
- The base year for the index is 2010 = 100.
- A higher index value indicates a stronger euro.
- The index tracks the euro against 42 trading partner currencies.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for the Euro Area measures the strength of the euro against a weighted basket of trading partner currencies. It provides a comprehensive view of the euro's international purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The euro's exchange rate is crucial for evaluating the Eurozone's export competitiveness, trade balance, and broader macroeconomic conditions. This index is closely monitored by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using exchange rate and trade data.
Q: How is this trend used in economic policy?
A: Central banks and economic analysts use the Broad Effective Exchange Rate to monitor the euro's movements and assess their potential impacts on inflation, trade, and the overall health of the Eurozone economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
Related Trends
Harmonized Index of Consumer Prices: Sewerage Collection for Euro Area (20 Countries)
CP0443MI15EA20M086NEST
General government net lending/borrowing for Euro Area
GGNLBAEZA188N
Balance of Payments BPM6: Financial Account: Other Investment: Other Investment Net Acquisition of Financial Assets for the Euro Area (19 Countries)
EA19B6FAOI02CXCUQ
Harmonized Index of Consumer Prices: Information Processing Equipment for Euro Area (EA11-1999, EA12-2001, EA13-2007, EA15-2008, EA16-2009, EA17-2011, EA18-2014, EA19-2015, EA20-2023)
CP0913EZCCM086NEST
Harmonized Index of Consumer Prices: Domestic Services and Household Services for Kosovo
CP0562MI15XKM086NEST
Consumer Price Index: Harmonised Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for the Euro Area (19 Countries)
EA19CPHP0200GPM
Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Euro Area (NBXMBIS), retrieved from FRED.