International Merchandise Trade Statistics: Exports: Commodities for Austria
Euro, Annual, Not Seasonally Adjusted
XTEXVA01ATA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197,658,700,000.00
Year-over-Year Change
52.42%
Date Range
1/1/1953 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted exchange rate between the Euro and the U.S. dollar. It is a key indicator of the relative strength of the Eurozone economy.
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/U.S. dollar exchange rate is a widely followed measure of the value of the Euro compared to the U.S. dollar. It is used by economists, policymakers, and market participants to analyze international trade, capital flows, and the overall health of the Eurozone economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
This exchange rate trend is closely watched for its implications on Eurozone exports, imports, and monetary policy decisions.
Key Facts
- The Euro was introduced in 1999 and is used by 19 EU member states.
- The Euro/USD exchange rate reached an all-time high of 1.60 in 2008.
- Exchange rate movements impact the competitiveness of Eurozone exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted exchange rate between the Euro and the U.S. dollar, providing insight into the relative strength of the Eurozone economy.
Q: Why is this trend relevant for users or analysts?
A: The Euro/USD exchange rate is a critical indicator used by economists, policymakers, and market participants to analyze international trade, capital flows, and the overall health of the Eurozone economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: This exchange rate trend is closely watched for its implications on Eurozone exports, imports, and monetary policy decisions by the European Central Bank.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve on a regular basis, with minimal delays, providing a timely snapshot of the Euro/USD exchange rate.
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Citation
U.S. Federal Reserve, Euro, Annual, Not Seasonally Adjusted (XTEXVA01ATA664N), retrieved from FRED.