International Merchandise Trade Statistics: Trade Balance: Commodities for Austria
Euro, Annual, Seasonally Adjusted
XTNTVA01ATA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,601,900,000.00
Year-over-Year Change
-117.35%
Date Range
1/1/1953 - 1/1/2024
Summary
The 'Euro, Annual, Seasonally Adjusted' series tracks the exchange rate between the US dollar and the Euro, providing a key economic indicator for global trade and investment.
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 annual, seasonally adjusted exchange rate series is a widely followed metric that reflects the relative strength of the Euro compared to the US dollar. It is a crucial data point for analyzing international commerce, capital flows, and the competitiveness of Eurozone economies.
Methodology
The data is collected and calculated by the US Federal Reserve based on market exchange rates.
Historical Context
Policymakers and analysts use this trend to assess macroeconomic conditions and guide decisions around trade, monetary policy, and investment.
Key Facts
- The Euro was introduced in 1999.
- The US dollar to Euro exchange rate reached a record high in 2002.
- Exchange rates impact the relative prices of goods and services traded between the US and Eurozone.
FAQs
Q: What does this economic trend measure?
A: This series tracks the annual, seasonally adjusted exchange rate between the US dollar and the Euro, which is a key indicator of the relative strength of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The Euro-Dollar exchange rate is a crucial data point for understanding global trade, investment flows, and the competitiveness of Eurozone economies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate trend to assess macroeconomic conditions and guide decisions around trade, monetary policy, and investment.
Q: Are there update delays or limitations?
A: The data is published annually and is subject to revisions. Users should be aware of potential lags or changes in underlying methodology.
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Constant GDP per capita for Austria
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Citation
U.S. Federal Reserve, Euro, Annual, Seasonally Adjusted (XTNTVA01ATA664S), retrieved from FRED.