Orders: Manufacturing: Total Orders: Value for Austria
Euro, Monthly level, Annual, Seasonally Adjusted
ODMNTO02ATA180S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,647,302,975.00
Year-over-Year Change
81.65%
Date Range
1/1/1973 - 1/1/2022
Summary
This economic trend measures the monthly level of the euro's exchange rate against the U.S. dollar, adjusted for seasonal variations. It provides key insights into the euro's performance and can inform policy decisions and market 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
The euro/dollar exchange rate is a critical indicator of the euro's strength and the relative economic standing of the Eurozone. This seasonally adjusted monthly data allows for meaningful comparisons and analysis of trends in the euro's valuation over time.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
This exchange rate trend is closely watched by policymakers, investors, and economic analysts to assess Eurozone economic conditions and the euro's global standing.
Key Facts
- The euro is the official currency of 19 of the 27 European Union member states.
- The euro/dollar exchange rate is the most heavily traded currency pair in the world.
- Fluctuations in the euro's value can significantly impact trade, investment, and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of the euro's exchange rate against the U.S. dollar, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The euro/dollar exchange rate is a critical indicator of the euro's strength and the relative economic standing of the Eurozone, informing policy decisions and market analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This exchange rate trend is closely watched by policymakers, investors, and economic analysts to assess Eurozone economic conditions and the euro's global standing.
Q: Are there update delays or limitations?
A: The data is provided on a monthly basis, with some potential for short publication delays.
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Citation
U.S. Federal Reserve, Euro, Monthly level, Annual, Seasonally Adjusted (ODMNTO02ATA180S), retrieved from FRED.