International Merchandise Trade Statistics: Imports: Commodities for Estonia
Euro, Annual, Not Seasonally Adjusted
XTIMVA01EEA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,733,800,000.00
Year-over-Year Change
47.29%
Date Range
1/1/1993 - 1/1/2024
Summary
This annual, not seasonally adjusted series measures the Euro exchange rate against the U.S. dollar. It is a key economic indicator used to assess international trade, currency markets, and global economic conditions.
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-Dollar exchange rate reflects the relative value of the Euro currency compared to the U.S. dollar. This metric is widely tracked by economists, policymakers, and market analysts to evaluate exchange rate dynamics, international competitiveness, and the strength of the Eurozone economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Euro-Dollar exchange rate is a critical input for analyzing global trade flows, international investment, and the relative economic performance of the Eurozone and United States.
Key Facts
- The Euro was introduced in 1999 and is the official currency of 19 EU member states.
- The Euro-Dollar exchange rate reached an all-time high of 1.60 in 2008 and a low of 0.84 in 2000.
- Exchange rate movements impact the price competitiveness of Eurozone exports and imports.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, not seasonally adjusted exchange rate between the Euro and U.S. dollar. It reflects the relative value of the Euro currency compared to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The Euro-Dollar exchange rate is a critical economic indicator used to assess international trade, currency markets, and the relative performance of the Eurozone and U.S. economies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Euro-Dollar exchange rate to evaluate exchange rate dynamics, international competitiveness, and the overall strength of the Eurozone economy.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted data is published by the Federal Reserve with minimal delays, providing a timely reflection of exchange rate trends.
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Citation
U.S. Federal Reserve, Euro, Annual, Not Seasonally Adjusted (XTIMVA01EEA664N), retrieved from FRED.