Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Austria
Euro
AUTB6FATC01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-11,970,000,000.00
Year-over-Year Change
-179.23%
Date Range
1/1/1999 - 10/1/2024
Summary
The 'Euro' series tracks the exchange rate between the U.S. dollar and the euro, the official currency of the European Union. This measure is closely watched by economists and policymakers as an indicator of international trade and financial 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
The Euro series represents the U.S. dollar price of the euro, providing insight into the relative strength of the two major global currencies. Fluctuations in this exchange rate can impact trade, investment, and the cost of goods and services between the U.S. and the EU.
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 is a key metric used by central banks, financial institutions, and international businesses to monitor economic conditions and make policy decisions.
Key Facts
- The euro was introduced in 1999 and is used by 19 of the 27 EU member states.
- The U.S. dollar and euro are the two most heavily traded currencies in the world.
- Fluctuations in the Euro exchange rate can impact the prices of imported/exported goods.
FAQs
Q: What does this economic trend measure?
A: The 'Euro' series tracks the exchange rate between the U.S. dollar and the euro, the official currency of the European Union.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is a key indicator of international trade and financial flows, closely watched by economists and policymakers.
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: The Euro exchange rate is a metric used by central banks, financial institutions, and international businesses to monitor economic conditions and make policy decisions.
Q: Are there update delays or limitations?
A: The Euro exchange rate data is published regularly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Euro (AUTB6FATC01NCCUQ), retrieved from FRED.