International Merchandise Trade Statistics: Imports: Commodities for Portugal
Euro, Annual, Seasonally Adjusted
XTIMVA01PTA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107,277,200,000.00
Year-over-Year Change
91.00%
Date Range
1/1/1955 - 1/1/2024
Summary
The 'Euro, Annual, Seasonally Adjusted' trend measures the annual exchange rate between the U.S. dollar and the euro, adjusted for seasonal variations. This metric is crucial for economists and policymakers to assess international trade and financial 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
This annual, seasonally adjusted exchange rate between the U.S. dollar and the euro is a key indicator of the relative strength of the two currencies. It is used to analyze cross-border commerce, investment flows, and the competitiveness of U.S. and European exports.
Methodology
The data is collected by the U.S. Federal Reserve from foreign exchange markets.
Historical Context
Policymakers and analysts monitor this trend to gauge the impact on imports, exports, and international investment.
Key Facts
- The euro was introduced in 1999.
- The U.S. is one of the EU's largest trading partners.
- Exchange rates impact the competitiveness of exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate between the U.S. dollar and the euro.
Q: Why is this trend relevant for users or analysts?
A: The dollar-euro exchange rate is a crucial indicator for assessing international trade, financial flows, and the competitiveness of U.S. and European exports.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the impact on imports, exports, and international investment.
Q: Are there update delays or limitations?
A: The data is published annually with no significant update delays.
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Citation
U.S. Federal Reserve, Euro, Annual, Seasonally Adjusted (XTIMVA01PTA664S), retrieved from FRED.