International Merchandise Trade Statistics: Imports: Commodities for Luxembourg
Euro, Annual, Seasonally Adjusted
XTIMVA01LUA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,176,600,000.00
Year-over-Year Change
9.67%
Date Range
1/1/1981 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate between the Euro and the U.S. dollar. It provides insight into the relative strength and purchasing power 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
The Euro, Annual, Seasonally Adjusted series tracks the yearly exchange rate between the Euro and the U.S. dollar, adjusted for seasonal variations. This metric is closely monitored by economists, policymakers, and market analysts to gauge the international competitiveness of the Eurozone economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange market quotations.
Historical Context
The Euro-dollar exchange rate is a key indicator used to interpret macroeconomic conditions and guide monetary and trade policies.
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.
- Fluctuations in the Euro-dollar rate impact the price competitiveness of Eurozone exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate between the Euro and the U.S. dollar, providing insight into the relative strength and purchasing power of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The Euro-dollar exchange rate is a key indicator used by economists, policymakers, and market analysts to gauge the international competitiveness of the Eurozone economy and guide monetary and trade policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: The Euro-dollar exchange rate is a crucial input for interpreting macroeconomic conditions and informing monetary and trade policies in both the Eurozone and the United States.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal delays, providing timely information on the Euro-dollar exchange rate.
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Citation
U.S. Federal Reserve, Euro, Annual, Seasonally Adjusted (XTIMVA01LUA664S), retrieved from FRED.