International Merchandise Trade Statistics: Imports: Commodities for Estonia
Euro, Annual, Seasonally Adjusted
XTIMVA01EEA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,627,800,000.00
Year-over-Year Change
47.36%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures the annual exchange rate between the Euro and the U.S. Dollar, adjusted for seasonal factors. It is a key indicator of the relative strength of the Euro currency and a barometer of international trade and financial 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, Annual, Seasonally Adjusted trend represents the average annual exchange rate between the Euro and the U.S. Dollar, with seasonal variations removed. This metric is widely used by economists, policymakers, and financial analysts to assess the competitiveness of Eurozone exports, the purchasing power of European consumers, and broader trends in the global economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Historical Context
Policymakers and market participants closely monitor this trend to gauge the Eurozone's economic performance and the potential impacts on trade, inflation, and capital flows.
Key Facts
- The Euro has depreciated by over 15% against the U.S. Dollar since 2014.
- A stronger Euro can make Eurozone exports less competitive globally.
- Fluctuations in the Euro-Dollar exchange rate impact multinational corporations and global supply chains.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual, Seasonally Adjusted trend measures the average annual exchange rate between the Euro and the U.S. Dollar, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the Eurozone's economic competitiveness and is closely monitored by policymakers, businesses, and financial markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Q: How is this trend used in economic policy?
A: Policymakers and market participants use this trend to gauge the Eurozone's economic performance and the potential impacts on trade, inflation, and capital flows.
Q: Are there update delays or limitations?
A: The data is published with a short lag and may be subject to periodic revisions by the Federal Reserve.
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Citation
U.S. Federal Reserve, Euro, Annual, Seasonally Adjusted (XTIMVA01EEA664S), retrieved from FRED.