Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Portugal
Euro
PRTB6FATT01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,270,000,000.00
Year-over-Year Change
198.82%
Date Range
1/1/1996 - 10/1/2024
Summary
The Euro currency trend measures the exchange rate between the U.S. dollar and the Euro, the official currency of the European Union. It's a key indicator of global 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 is the second most traded currency in the world after the U.S. dollar. The Euro/USD exchange rate is closely watched by businesses, investors, and policymakers to gauge economic conditions and relative strength between the U.S. and Eurozone economies.
Methodology
The Euro exchange rate is calculated daily by the Federal Reserve based on market data.
Historical Context
The Euro trend provides insight into the relative performance of the U.S. and Eurozone economies, and is used to inform trade, monetary, and fiscal policies.
Key Facts
- The Euro was introduced in 1999 and is used by 19 of the 27 EU member states.
- The Eurozone's GDP is the second largest in the world after the United States.
- The Euro is the second most traded currency globally, after the U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: The Euro trend measures 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/USD exchange rate is a key indicator of global trade and investment flows, and is closely watched by businesses, investors, and policymakers to gauge economic conditions and relative strength between the U.S. and Eurozone economies.
Q: How is this data collected or calculated?
A: The Euro exchange rate is calculated daily by the Federal Reserve based on market data.
Q: How is this trend used in economic policy?
A: The Euro trend provides insight into the relative performance of the U.S. and Eurozone economies, and is used to inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The Euro exchange rate data is published daily with no significant update delays.
Related Trends
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LFAC24TTPTA647S
Employment to Population Rate: All Ages: All Persons for Portugal
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Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 24 Years for Portugal
LFWA24MAPTA647N
Production: Manufacturing: Total Manufacturing for Portugal
PRMNTO01PTQ657S
Infra-Annual Labor Statistics: Labor Force Female: 15 Years or over for Portugal
LFACTTFEPTQ647S
Real Narrow Effective Exchange Rate for Portugal
RNPTBIS
Citation
U.S. Federal Reserve, Euro (PRTB6FATT01NCCUQ), retrieved from FRED.