Balance of Payments: Services: Expenditure for Portugal
Euro, Seasonally Adjusted
PRTB6DBSE01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,396,436,000.00
Year-over-Year Change
27.96%
Date Range
1/1/1996 - 10/1/2024
Summary
The Euro, Seasonally Adjusted series measures the value of the euro relative to the U.S. dollar, adjusted for seasonal factors. This key exchange rate metric is closely watched by economists and policymakers to gauge international trade and financial market conditions.
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 leading indicator of the relative strength of the European and U.S. economies. Fluctuations in this rate impact the competitiveness of exports, the purchasing power of consumers, and the investment decisions of multinational firms.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Central banks and governments closely monitor the euro-dollar exchange rate to inform monetary and trade policies.
Key Facts
- The euro was introduced in 1999 as the official currency of the European Union.
- The euro-dollar exchange rate peaked above 1.60 in 2008 and has generally trended lower since then.
- Fluctuations in the euro-dollar rate impact the competitiveness of EU and U.S. exports.
FAQs
Q: What does this economic trend measure?
A: The Euro, Seasonally Adjusted series measures the value of the euro relative to the U.S. dollar, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a key indicator of the relative strength of the European and U.S. economies, impacting trade, investment, and 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: Central banks and governments closely monitor the euro-dollar exchange rate to inform monetary and trade policies.
Q: Are there update delays or limitations?
A: The euro-dollar exchange rate data is published regularly with minimal delays, providing timely information for analysts and policymakers.
Related Trends
Literacy Rate, Adult Total for Portugal
SEADTLITRZSPRT
National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Portugal
NAEXKP01PTQ652S
Consumer Price Index: Harmonized Prices: All Items: Total for Portugal
CPHPTT01PTM657N
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Portugal
LMUNRLTTPTM647S
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Portugal
LFHUADMAPTQ647N
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 24 Years for Portugal
LREM24MAPTA156N
Citation
U.S. Federal Reserve, Euro, Seasonally Adjusted (PRTB6DBSE01NCCUSAQ), retrieved from FRED.