Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Austria
Euro
AUTB6FATT01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,130,000,000.00
Year-over-Year Change
97.46%
Date Range
1/1/1999 - 1/1/2024
Summary
The Euro exchange rate is the value of the Euro currency relative to other major currencies. It is a critical economic indicator for international trade, investment, and policymaking.
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 represents the price at which the Euro can be exchanged for other currencies, such as the U.S. dollar or Japanese yen. It is an important benchmark for assessing the relative strength and competitiveness of the Eurozone economy.
Methodology
The Euro exchange rate is calculated by central banks and financial institutions based on global foreign exchange market trading.
Historical Context
The Euro exchange rate is closely monitored by central banks, policymakers, and market participants for its implications on exports, imports, inflation, and economic growth.
Key Facts
- The Euro is the official currency of 19 of the 27 European Union member states.
- The Euro was introduced in 1999 and became physical currency in 2002.
- The Euro is the second most traded currency in the global foreign exchange market.
FAQs
Q: What does this economic trend measure?
A: The Euro exchange rate measures the value of the Euro currency relative to other major global currencies, such as the U.S. dollar and Japanese yen.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is a critical economic indicator for assessing the competitiveness of Eurozone economies, international trade, and the overall strength of the European monetary system.
Q: How is this data collected or calculated?
A: The Euro exchange rate is calculated by central banks and financial institutions based on global foreign exchange market trading.
Q: How is this trend used in economic policy?
A: The Euro exchange rate is closely monitored by central banks, policymakers, and market participants for its implications on exports, imports, inflation, and economic growth within the Eurozone.
Q: Are there update delays or limitations?
A: The Euro exchange rate data is updated in real-time by financial institutions and central banks based on global foreign exchange market activity.
Related Trends
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International Trade: Imports: Value (Goods): Total for Austria
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Infra-Annual Labor Statistics: Labor Force Male: From 15 to 24 Years for Austria
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Residential Property Prices for Austria
QATN628BIS
Stock Market Total Value Traded to GDP for Austria
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Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Austria
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Citation
U.S. Federal Reserve, Euro (AUTB6FATT01NCCUQ), retrieved from FRED.