Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Slovak Republic
Euro
SVKB6FATT01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-182,600,000.00
Year-over-Year Change
-130.33%
Date Range
1/1/2004 - 1/1/2024
Summary
The Euro trend tracks the value of the euro currency relative to the U.S. dollar. It is a key indicator for analyzing international trade, foreign investment, and monetary policy.
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 trend represents the foreign exchange rate between the euro and the U.S. dollar, which are the two most widely traded global currencies. It is closely watched by economists, policymakers, and investors to assess the relative strength and competitiveness of the Eurozone economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Historical Context
The Euro trend is used to inform decisions on monetary policy, international trade, and portfolio investments.
Key Facts
- The euro was introduced in 1999 and is used by 19 of the 27 European Union member states.
- The Euro trend reached its all-time high against the U.S. dollar in July 2008.
- Fluctuations in the Euro trend impact the cost of imports/exports for Eurozone businesses.
FAQs
Q: What does this economic trend measure?
A: The Euro trend measures the foreign exchange rate between the euro and the U.S. dollar, indicating the relative value of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The Euro trend is a key indicator for analyzing international trade, foreign investment, and monetary policy in the Eurozone and U.S. economies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Q: How is this trend used in economic policy?
A: The Euro trend is used by policymakers, economists, and investors to inform decisions on monetary policy, international trade, and portfolio investments.
Q: Are there update delays or limitations?
A: The Euro trend data is published by the Federal Reserve with no significant update delays, providing timely information for economic analysis.
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Citation
U.S. Federal Reserve, Euro (SVKB6FATT01NCCUQ), retrieved from FRED.