International Merchandise Trade Statistics: Trade Balance: Commodities for Portugal
Euro, Annual, Seasonally Adjusted
XTNTVA01PTA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-28,085,300,000.00
Year-over-Year Change
153.90%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures the value of the Euro currency on an annual, seasonally adjusted basis. It is a key indicator for analyzing international trade, exchange rates, and the broader European economy.
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, Annual, Seasonally Adjusted trend represents the annual exchange rate between the Euro and other major currencies, adjusted for seasonal variations. This metric is widely used by economists, policymakers, and financial analysts to assess the strength and stability of the Euro relative to trading partners.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Historical Context
The Euro exchange rate trends are closely monitored for their impact on exports, imports, international investment, and the overall competitiveness of the Eurozone economy.
Key Facts
- The Euro was introduced in 1999 and is used by 19 of the 27 EU member states.
- The Euro is the second most traded currency in the world after the U.S. dollar.
- Fluctuations in the Euro's value can significantly impact the competitiveness of Eurozone exports.
FAQs
Q: What does this economic trend measure?
A: The Euro, Annual, Seasonally Adjusted trend measures the annual exchange rate of the Euro currency, adjusted to account for seasonal variations in foreign exchange markets.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is a crucial indicator for assessing the strength and stability of the Eurozone economy, as well as its competitiveness in international trade and investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor Euro exchange rate trends to inform decisions on monetary policy, trade agreements, and measures to support the competitiveness of the Eurozone economy.
Q: Are there update delays or limitations?
A: The Euro, Annual, Seasonally Adjusted data is published by the U.S. Federal Reserve on a regular basis, with minimal update delays. However, as with any exchange rate measure, the data may be subject to occasional revisions or adjustments.
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Citation
U.S. Federal Reserve, Euro, Annual, Seasonally Adjusted (XTNTVA01PTA664S), retrieved from FRED.