International Merchandise Trade Statistics: Exports: Commodities for Luxembourg
Euro, Annual, Seasonally Adjusted
XTEXVA01LUA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,976,200,000.00
Year-over-Year Change
2.91%
Date Range
1/1/1981 - 1/1/2024
Summary
The 'Euro, Annual, Seasonally Adjusted' series measures the average annual exchange rate between the U.S. dollar and the Euro, providing insight into the relative strength of the two currencies.
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
This economic indicator tracks the annual average of the daily Euro foreign exchange rate, which is calculated by the U.S. Federal Reserve. It is a key metric for analyzing trade, investment, and macroeconomic dynamics between the United States and the Eurozone.
Methodology
The data is collected by the Federal Reserve from foreign exchange markets.
Historical Context
The Euro-Dollar exchange rate is closely monitored by policymakers, businesses, and investors for its impacts on international commerce, asset prices, and monetary policy.
Key Facts
- The Euro was introduced in 1999 as the official currency of the Eurozone.
- The Euro-Dollar exchange rate reached a record high in 2008 at over $1.60 per Euro.
- Fluctuations in the Euro-Dollar rate can significantly impact the competitiveness of U.S. exports.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Annual, Seasonally Adjusted' series tracks the average annual exchange rate between the U.S. dollar and the Euro currency.
Q: Why is this trend relevant for users or analysts?
A: The Euro-Dollar exchange rate is a critical indicator for assessing international trade, investment flows, and macroeconomic conditions between the United States and Eurozone economies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and investors closely monitor the Euro-Dollar exchange rate for its impacts on international commerce, asset prices, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a short lag and represents the annual average, so it may not capture intra-year volatility.
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Citation
U.S. Federal Reserve, Euro, Annual, Seasonally Adjusted (XTEXVA01LUA664S), retrieved from FRED.