International Merchandise Trade Statistics: Imports: Commodities for Portugal
Euro, Quarterly, Seasonally Adjusted
XTIMVA01PTQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,155,100,000.00
Year-over-Year Change
11.22%
Date Range
1/1/1955 - 1/1/2025
Summary
This quarterly, seasonally adjusted trend measures the Euro's exchange rate against various currencies. It provides insights into the Euro's global purchasing power and macroeconomic 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 key indicator of the European economy's competitiveness and international trade flows. Policymakers and economists closely monitor this data to assess the Euro's strength and potential impacts on inflation, exports, and overall economic performance.
Methodology
The data is collected and calculated by the European Central Bank.
Historical Context
The Euro exchange rate trend is widely used to inform monetary policy decisions and analyze the Eurozone's economic conditions.
Key Facts
- The Euro is the official currency of 19 European Union countries.
- The Euro exchange rate is calculated against a basket of major global currencies.
- Fluctuations in the Euro rate can significantly impact European trade and inflation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted exchange rate of the Euro against a basket of major currencies. It provides insights into the Euro's global purchasing power and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is a crucial indicator for policymakers, businesses, and economists to assess the Eurozone's economic performance and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the European Central Bank.
Q: How is this trend used in economic policy?
A: The Euro exchange rate trend is widely used to inform monetary policy decisions and analyze the overall economic conditions in the Eurozone.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical delay of several weeks. The trend may be subject to revisions as new information becomes available.
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Citation
U.S. Federal Reserve, Euro, Quarterly, Seasonally Adjusted (XTIMVA01PTQ664S), retrieved from FRED.