Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Portugal
Euro
PRTB6CATT00NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,226,000,000.00
Year-over-Year Change
40.60%
Date Range
1/1/1996 - 10/1/2024
Summary
The Euro series tracks the exchange rate between the U.S. dollar and the Euro, the official currency of the European Union. This metric is closely watched by economists and policymakers as it reflects global trade and investment dynamics.
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 exchange rate is a key indicator of the relative strength of the U.S. and European economies. Fluctuations in this rate can impact international trade, capital flows, and the purchasing power of consumers and businesses on both sides of the Atlantic.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
Central banks and market analysts monitor the Euro exchange rate to gauge economic conditions and inform policy decisions.
Key Facts
- The Euro was introduced in 1999 and is used by 19 of the 27 EU member states.
- The Euro is the second most traded currency in the world after the U.S. dollar.
- Exchange rate movements can affect the competitiveness of exports and imports.
FAQs
Q: What does this economic trend measure?
A: The Euro series tracks the exchange rate between the U.S. dollar and the Euro, the official currency of the European Union.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is a key indicator of the relative strength of the U.S. and European economies, and fluctuations can impact international trade, capital flows, and purchasing power.
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 quotations.
Q: How is this trend used in economic policy?
A: Central banks and market analysts monitor the Euro exchange rate to gauge economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve and is subject to the timeliness and accuracy of foreign exchange market reporting.
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Citation
U.S. Federal Reserve, Euro (PRTB6CATT00NCCUQ), retrieved from FRED.