International Merchandise Trade Statistics: Exports: Commodities for Estonia
Euro
XTEXVA01EEM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,538,500,000.00
Year-over-Year Change
5.97%
Date Range
1/1/1993 - 5/1/2025
Summary
The Euro is the official currency used by 19 of the 27 member states of the European Union. It is a key indicator of economic activity and financial stability in the Eurozone.
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 is the second-largest reserve currency in the world after the U.S. dollar. It is used for cross-border payments and transactions, and its exchange rate is closely monitored by policymakers and market participants.
Methodology
The Euro exchange rate is calculated based on the volume-weighted average of Euro exchange rates in the global foreign exchange market.
Historical Context
The Euro's value is influenced by factors such as monetary policy, economic growth, and geopolitical events within the Eurozone.
Key Facts
- The Euro was introduced in 1999 and became the official currency of 19 EU member states.
- The Euro is the second-most traded currency in the global foreign exchange market after the U.S. dollar.
- The European Central Bank (ECB) is responsible for managing the Euro and maintaining price stability in the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Euro exchange rate measures the value of the Euro relative to other major currencies, such as the U.S. dollar, Japanese yen, and British pound.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is a key indicator of the overall economic health and financial stability of the Eurozone, which is a major player in the global economy.
Q: How is this data collected or calculated?
A: The Euro exchange rate is calculated based on the volume-weighted average of Euro exchange rates in the global foreign exchange market.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the Euro exchange rate as it can influence factors such as inflation, trade, and the competitiveness of Eurozone economies.
Q: Are there update delays or limitations?
A: The Euro exchange rate data is published in real-time and is available from various sources, including the U.S. Federal Reserve's FRED database.
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Citation
U.S. Federal Reserve, Euro (XTEXVA01EEM664S), retrieved from FRED.