International Merchandise Trade Statistics: Imports: Commodities for Portugal
Euro, Annual, Not Seasonally Adjusted
XTIMVA01PTA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107,501,000,000.00
Year-over-Year Change
90.69%
Date Range
1/1/1955 - 1/1/2024
Summary
The 'Euro, Annual, Not Seasonally Adjusted' series tracks the annual average exchange rate between the U.S. dollar and the euro, providing insights into international trade and capital 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
This economic indicator represents the annual average of the daily euro exchange rate against the U.S. dollar, expressed as dollars per euro. It is a key metric for analyzing cross-border commerce, currency valuations, and global economic dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
Policymakers and market analysts closely monitor the euro-dollar exchange rate to gauge international competitiveness and the relative strength of economies.
Key Facts
- The euro was introduced in 1999 and is the official currency of 19 European Union countries.
- The euro-dollar exchange rate reached a record high of 1.60 in 2008 and a record low of 0.82 in 2000.
- Exchange rate movements impact the competitiveness of exports and imports between the U.S. and the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Annual, Not Seasonally Adjusted' series tracks the annual average exchange rate between the U.S. dollar and the euro.
Q: Why is this trend relevant for users or analysts?
A: The euro-dollar exchange rate is a crucial indicator for analyzing international trade, capital flows, and the relative economic performance of the U.S. and Eurozone.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects and calculates the data based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor the euro-dollar exchange rate to gauge international competitiveness and the relative strength of the U.S. and Eurozone economies.
Q: Are there update delays or limitations?
A: The data is published annually without seasonal adjustments, which may limit its use for short-term analysis.
Related Trends
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DDOI06PTA156NWDB
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for Portugal
LFAC64MAPTA647S
Harmonized Index of Consumer Prices: Food for Portugal
CP0110PTM086NEST
Business Tendency Surveys: Composite Business Confidence: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Portugal
PRTBRCICP02STSAM
Insurance Company Assets to GDP for Portugal
DDDI11PTA156NWDB
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Females for Portugal
LFHUADFEPTM647N
Citation
U.S. Federal Reserve, Euro, Annual, Not Seasonally Adjusted (XTIMVA01PTA664N), retrieved from FRED.