Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Luxembourg
Euro
LUXB6CATT00NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-37,000,000.00
Year-over-Year Change
-28.85%
Date Range
1/1/1995 - 7/1/2024
Summary
The Euro series measures the value of the Euro currency relative to the U.S. dollar. This fundamental exchange rate is closely monitored by economists and policymakers to assess international trade and investment 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-Dollar exchange rate reflects the relative strength and purchasing power of the two major global currencies. It is a key indicator of the Eurozone's economic performance and can influence cross-border business, tourism, and portfolio investment decisions.
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 is a widely watched economic indicator that informs monetary and fiscal policy decisions.
Key Facts
- The Euro was introduced in 1999, replacing national currencies in 19 EU member states.
- The Euro is the second most traded currency after the U.S. dollar.
- Fluctuations in the Euro-Dollar rate can impact European and U.S. exports and imports.
FAQs
Q: What does this economic trend measure?
A: The Euro series measures the value of the Euro currency relative to the U.S. dollar, providing a key exchange rate indicator.
Q: Why is this trend relevant for users or analysts?
A: The Euro-Dollar exchange rate is closely watched as it can influence international trade, investment, and economic policy decisions.
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: The Euro-Dollar exchange rate informs monetary and fiscal policy decisions by central banks and governments on both sides of the Atlantic.
Q: Are there update delays or limitations?
A: The Euro series is updated regularly by the Federal Reserve with minimal delays, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Euro (LUXB6CATT00NCCUQ), retrieved from FRED.