International Merchandise Trade Statistics: Trade Balance: Commodities for Estonia
Euro, Monthly, Seasonally Adjusted
XTNTVA01EEM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-268,200,000.00
Year-over-Year Change
-6.26%
Date Range
1/1/1993 - 4/1/2025
Summary
This trend measures the value of the Euro exchange rate against the US Dollar on a monthly basis, adjusted for seasonal factors.
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, Monthly, Seasonally Adjusted trend provides an important indicator of the relative strength of the Euro currency compared to the US Dollar. It is closely watched by economists, policymakers, and market participants to assess international trade dynamics and the competitiveness of the Eurozone economy.
Methodology
The data is collected and calculated by the US Federal Reserve based on daily spot exchange rates.
Historical Context
This exchange rate trend informs monetary and fiscal policy decisions in the Eurozone and US.
Key Facts
- The Euro reached its highest level against the Dollar in January 2008.
- The Euro fell to its lowest level in over a decade in March 2020 due to the COVID-19 pandemic.
- The exchange rate is a key factor in the competitiveness of Eurozone exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly exchange rate of the Euro currency against the US Dollar, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The Euro-Dollar exchange rate is a critical indicator of international trade dynamics and the relative strength of the Eurozone economy, making it highly relevant for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve based on daily spot exchange rates.
Q: How is this trend used in economic policy?
A: This exchange rate trend informs monetary and fiscal policy decisions in the Eurozone and US, as it affects the competitiveness of exports and imports.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Euro, Monthly, Seasonally Adjusted (XTNTVA01EEM664S), retrieved from FRED.