Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Portugal
Euro
PRTB6FARA01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
790,000,000.00
Year-over-Year Change
-166.16%
Date Range
1/1/1996 - 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 exchange rate 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 critical measure of the strength and stability of the Eurozone economy. It reflects the demand for the Euro among international investors and its relative purchasing power compared to the U.S. Dollar.
Methodology
The Euro exchange rate is calculated and reported daily by the Federal Reserve based on global currency market transactions.
Historical Context
The Euro trend is closely monitored by policymakers, investors, and analysts to assess macroeconomic conditions and make informed 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.
- The Euro exchange rate reflects the strength of the Eurozone economy relative to the U.S.
FAQs
Q: What does this economic trend measure?
A: The Euro trend measures the value of the Euro currency relative to the U.S. Dollar, a key indicator of global economic conditions.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is closely watched by policymakers, investors, and analysts to assess macroeconomic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The Euro exchange rate is calculated and reported daily by the Federal Reserve based on global currency market transactions.
Q: How is this trend used in economic policy?
A: The Euro trend is used by policymakers, economists, and institutions to evaluate the strength of the Eurozone economy and its position in the global financial system.
Q: Are there update delays or limitations?
A: The Euro exchange rate data is reported daily with no significant delays, providing timely information on the currency's performance.
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Citation
U.S. Federal Reserve, Euro (PRTB6FARA01NCCUQ), retrieved from FRED.