Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Portugal
CCUSSP01PTQ650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
-9.95%
Date Range
1/1/1960 - 10/1/2023
Summary
This economic trend tracks the end-of-period US dollar exchange rate against the Portuguese national currency. It is a key indicator of relative currency values and international trade 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 US dollar exchange rate against other currencies is a fundamental economic indicator used to assess a country's international purchasing power, trade balance, and exposure to exchange rate risk. This specific series measures the spot, end-of-period US dollar rate for Portugal.
Methodology
The data is collected and reported by the US Federal Reserve from forex market sources.
Historical Context
Currency exchange rates are closely monitored by policymakers, businesses, and investors to understand economic conditions and make informed decisions.
Key Facts
- The US dollar is the world's most widely traded currency.
- Currency exchange rates fluctuate based on economic conditions and policy.
- Portugal uses the euro as its national currency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the spot, end-of-period US dollar exchange rate against the Portuguese national currency. It represents the relative value of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: Currency exchange rates are a key indicator of a country's international trade dynamics, purchasing power, and exposure to exchange rate risk.
Q: How is this data collected or calculated?
A: The data is collected and reported by the US Federal Reserve from foreign exchange market sources.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and investors closely monitor currency exchange rates to understand economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is reported on a spot, end-of-period basis, with no significant delays.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Portugal (CCUSSP01PTQ650N), retrieved from FRED.