Balance of Payments: Services: Expenditure for France
Euro
FRAB6DBSE01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79,228,210,000.00
Year-over-Year Change
23.55%
Date Range
1/1/1999 - 1/1/2025
Summary
The Euro series tracks the value of the euro currency relative to the U.S. dollar. It is a key indicator of international trade and capital flows.
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 series reflects the exchange rate between the euro and the U.S. dollar, which are the world's two most widely traded currencies. This data is used by economists, investors, and policymakers to assess economic conditions and the competitiveness of European exports.
Methodology
The data is collected and calculated by the U.S. Federal Reserve.
Historical Context
The Euro series is closely watched as an indicator of global trade dynamics and the relative strength of the European economy.
Key Facts
- The euro was introduced as a physical currency in 2002.
- The euro is the official currency of 19 of the 27 European Union member states.
- The euro is the second most widely traded currency after the U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: The Euro series measures the exchange rate between the euro and the U.S. dollar, providing insight into the relative strength and competitiveness of the European economy.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is a key indicator for international trade, capital flows, and the broader health of the European economy, making it highly relevant for economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Euro exchange rate is closely monitored by central banks, governments, and international organizations as it can influence trade competitiveness, inflation, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Euro series is updated regularly by the Federal Reserve, and the data is considered a reliable and timely indicator of euro-dollar exchange rates.
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Citation
U.S. Federal Reserve, Euro (FRAB6DBSE01NCCUSAQ), retrieved from FRED.