International Merchandise Trade Statistics: Imports: Commodities for Austria
Euro, Quarterly, Not Seasonally Adjusted
XTIMVA01ATQ664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,095,200,000.00
Year-over-Year Change
-4.23%
Date Range
1/1/1953 - 1/1/2025
Summary
This series measures the quarterly value of the euro against a trade-weighted basket of currencies, not adjusted for seasonal factors. It provides insights into the euro's exchange rate dynamics and is a key indicator for analyzing international trade and financial markets.
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, Quarterly, Not Seasonally Adjusted series tracks the nominal effective exchange rate of the euro against a broad basket of trading partner currencies. This measure is used by economists and policymakers to assess the euro's international purchasing power and competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on exchange rate information from global financial markets.
Historical Context
The euro's exchange rate is closely monitored by central banks, governments, and market participants for its implications on trade, inflation, and economic growth.
Key Facts
- The euro is the official currency of 19 of the 27 European Union member states.
- The euro was introduced in 1999 and is the second most traded currency globally after the U.S. dollar.
- The euro's exchange rate can impact the competitiveness of European exports and imports.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarterly nominal effective exchange rate of the euro against a broad basket of currencies from the euro area's major trading partners.
Q: Why is this trend relevant for users or analysts?
A: The euro's exchange rate is a key indicator of the euro's international purchasing power and competitiveness, with implications for trade, inflation, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on exchange rate information from global financial markets.
Q: How is this trend used in economic policy?
A: Central banks, governments, and market participants closely monitor the euro's exchange rate to assess its impact on trade, inflation, and overall economic conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with no significant update delays, but it does not account for seasonal factors that can affect exchange rate movements.
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Citation
U.S. Federal Reserve, Euro, Quarterly, Not Seasonally Adjusted (XTIMVA01ATQ664N), retrieved from FRED.