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Effective exchange rates of the euro

Effective exchange rates of the euro
Euro banknotes of different denominations one above the other

The nominal effective exchange rates of the euro condense bilateral exchange rates against multiple countries into a single index. As an aggregate, they capture changes in euro exchange rates against various groups of currencies of key trading partners.

Price competitiveness
Parking cars in a car warehouse

The same methodology as the real effective exchange rates of the euro is used to calculate price competitiveness indicators for individual euro area countries. 

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