Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Portugal
Euro, Annual
CCUSMA02PTA618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.92
Year-over-Year Change
18.84%
Date Range
1/1/1957 - 1/1/2024
Summary
The 'Euro, Annual' trend measures the average annual exchange rate between the U.S. dollar and the euro. This data is crucial for analyzing international trade, investment, and financial markets.
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-dollar exchange rate is a key indicator of the relative strength of the two economies and currencies. Economists and policymakers use this data to assess exchange rate movements, gauge trade competitiveness, and forecast economic conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The euro-dollar exchange rate influences imports, exports, and cross-border investments.
Key Facts
- The euro was introduced in 1999, replacing multiple national currencies.
- The euro is the second most traded currency globally after the U.S. dollar.
- Exchange rate fluctuations impact the cost of goods, services, and investments across borders.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Annual' trend measures the average annual exchange rate between the U.S. dollar and the euro currency.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a crucial indicator for analyzing international trade, investment flows, and relative economic performance between the U.S. and Eurozone.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the euro-dollar exchange rate to assess trade competitiveness, forecast economic conditions, and inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published with a short delay and may be subject to revisions as market conditions change.
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Citation
U.S. Federal Reserve, Euro, Annual (CCUSMA02PTA618N), retrieved from FRED.