International Merchandise Trade Statistics: Exports: Commodities for Portugal
Euro, Annual, Seasonally Adjusted
XTEXVA01PTA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79,191,900,000.00
Year-over-Year Change
75.57%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate between the Euro and the U.S. dollar, providing insights into the relative strength of the two currencies.
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/USD exchange rate is a key indicator of the purchasing power and trade dynamics between the Eurozone and the United States. Economists and policymakers closely monitor this trend to assess international competitiveness and the potential impacts on imports, exports, and foreign investment.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange market quotations.
Historical Context
The Euro/USD exchange rate influences macroeconomic policies, trade balances, and investment decisions in both the Eurozone and the U.S.
Key Facts
- The Euro is the official currency of 19 of the 27 European Union member states.
- The Euro/USD exchange rate reached a record high of 1.60 in 2008.
- Exchange rate fluctuations can impact the price competitiveness of Eurozone and U.S. exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate between the Euro and the U.S. dollar, providing insights into the relative strength and purchasing power of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The Euro/USD exchange rate is a key indicator for economists and policymakers, as it influences trade dynamics, investment decisions, and macroeconomic policies in both the Eurozone and the United States.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: The Euro/USD exchange rate is closely monitored by central banks, governments, and market participants to assess international competitiveness and the potential impacts on imports, exports, and foreign investment.
Q: Are there update delays or limitations?
A: The data is updated annually and may be subject to revisions by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Euro, Annual, Seasonally Adjusted (XTEXVA01PTA664S), retrieved from FRED.