Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Germany
Euro
DEUB6FATT01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,426,000,000.00
Year-over-Year Change
35.54%
Date Range
1/1/1991 - 10/1/2024
Summary
The Euro series measures the exchange rate between the U.S. dollar and the Euro, the official currency of the Eurozone. This key indicator helps economists and policymakers assess trade, inflation, and broader economic conditions.
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 crucial metric for evaluating the relative strength and stability of major global currencies. It provides insight into international trade, capital flows, and the performance of the Eurozone economy compared to the United States.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
Central banks and financial institutions closely monitor the Euro-Dollar exchange rate to inform monetary and fiscal policies.
Key Facts
- The Euro was introduced in 1999 and is used by 19 of the 27 European Union member states.
- The Euro is the second most traded currency in the world after the U.S. dollar.
- The Euro-Dollar exchange rate is a key barometer of global economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Euro series measures the exchange rate between the U.S. dollar and the Euro, the official currency of the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: The Euro-Dollar exchange rate is a crucial indicator for evaluating international trade, capital flows, and the relative performance of major economies.
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 quotations.
Q: How is this trend used in economic policy?
A: Central banks and financial institutions closely monitor the Euro-Dollar exchange rate to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Euro exchange rate data is published regularly with minimal delays, providing timely insights for analysts and policymakers.
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Citation
U.S. Federal Reserve, Euro (DEUB6FATT01NCCUQ), retrieved from FRED.