International Merchandise Trade Statistics: Exports: Commodities for Luxembourg
Euro, Annual, Not Seasonally Adjusted
XTEXVA01LUA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,985,300,000.00
Year-over-Year Change
2.23%
Date Range
1/1/1981 - 1/1/2024
Summary
This economic trend measures the annual exchange rate between the Euro and the U.S. dollar on a non-seasonally adjusted basis. It is a key indicator for analyzing cross-border trade and investment flows.
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/USD annual exchange rate tracks the yearly average value of the Euro relative to the U.S. dollar. This benchmark is widely used by economists, policymakers, and market analysts to assess the competitiveness of Eurozone exports and the purchasing power of European consumers.
Methodology
The data is collected by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
Policymakers monitor this trend to gauge the Eurozone's economic performance and the potential impacts on trade and inflation.
Key Facts
- The Euro was introduced in 1999.
- The Euro is the official currency of 19 out of 27 EU member states.
- Eurozone exports account for over 15% of global trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate between the Euro and the U.S. dollar on a non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The Euro/USD exchange rate is a key indicator for analyzing cross-border trade and investment flows between the Eurozone and the United States.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to gauge the Eurozone's economic performance and the potential impacts on trade and inflation.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, and represents the annual average exchange rate.
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Citation
U.S. Federal Reserve, Euro, Annual, Not Seasonally Adjusted (XTEXVA01LUA664N), retrieved from FRED.