International Merchandise Trade Statistics: Exports: Commodities for Austria
Euro, Quarterly, Not Seasonally Adjusted
XTEXVA01ATQ664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,767,800,000.00
Year-over-Year Change
1.84%
Date Range
1/1/1953 - 1/1/2025
Summary
This quarterly euro exchange rate series measures the value of the euro against a trade-weighted basket of currencies. It is a key economic indicator used to assess the competitiveness of European exports and imports.
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 exchange rate is a crucial metric for evaluating the strength and stability of the Eurozone economy. Policymakers and analysts monitor this data to understand the euro's purchasing power and its impact on international trade and investment.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on exchange rate quotes in global currency markets.
Historical Context
Central banks and governments use the euro exchange rate to inform monetary and fiscal policy decisions.
Key Facts
- The euro is the official currency of 19 of the 27 member states of the European Union.
- The euro was introduced as an accounting currency in 1999 and entered circulation as physical coins and banknotes in 2002.
- The euro is the second most widely-traded currency in the global foreign exchange market after the U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: This quarterly series measures the trade-weighted exchange rate of the euro against a basket of other major currencies. It reflects the euro's overall purchasing power in international markets.
Q: Why is this trend relevant for users or analysts?
A: The euro exchange rate is a critical economic indicator used to assess the Eurozone's international competitiveness and the purchasing power of the common currency.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on currency exchange rate quotes in global markets.
Q: How is this trend used in economic policy?
A: Central banks and governments closely monitor the euro exchange rate to inform monetary and fiscal policy decisions that impact international trade, investment, and economic growth.
Q: Are there update delays or limitations?
A: This quarterly series may have a several-month lag in reporting the latest data due to the time required for collection and calculation.
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Citation
U.S. Federal Reserve, Euro, Quarterly, Not Seasonally Adjusted (XTEXVA01ATQ664N), retrieved from FRED.