Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Germany
Euro
DEUB6FATC01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,340,000,000.00
Year-over-Year Change
-94.48%
Date Range
1/1/1991 - 10/1/2024
Summary
The Euro trend measures the value of the euro currency relative to the U.S. dollar. It is a key indicator of global economic conditions and the relative strength of the Eurozone economy.
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 tracks the exchange rate between the euro and the U.S. dollar, providing insight into the relative purchasing power and economic performance of the Eurozone. Economists and policymakers closely monitor this metric to gauge international trade and financial flows.
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 widely used to assess Eurozone economic health and inform policy decisions by central banks and governments.
Key Facts
- The Euro reached an all-time high of 1.60 against the U.S. dollar in 2008.
- The Euro fell to its lowest level in 20 years during the COVID-19 pandemic in 2020.
- The Euro is the second most traded currency in the world after the U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: The Euro trend measures the exchange rate between the euro and the U.S. dollar, indicating the relative strength and purchasing power of the Eurozone economy.
Q: Why is this trend relevant for users or analysts?
A: The Euro trend is a key indicator of global economic conditions and is closely monitored by economists, policymakers, and investors to assess the performance of the Eurozone and make informed decisions.
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 central banks and governments to inform monetary policy decisions and assess the impact of economic conditions on international trade and financial flows.
Q: Are there update delays or limitations?
A: The Euro trend data is updated regularly by the U.S. Federal Reserve, with minimal delays. However, the data may be subject to revisions and can be influenced by various economic and political factors.
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Citation
U.S. Federal Reserve, Euro (DEUB6FATC01NCCUQ), retrieved from FRED.