Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Finland
Euro
FINB6FATC01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-50,108,000,000.00
Year-over-Year Change
-42.40%
Date Range
1/1/1999 - 10/1/2024
Summary
The Euro series tracks the exchange rate between the U.S. dollar and the euro, a major global currency. This metric is crucial for understanding international trade, foreign investment, and the relative strength of economies.
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 measures the value of the euro relative to the U.S. dollar, which is the world's primary reserve currency. Fluctuations in this exchange rate have significant implications for international commerce, capital flows, and the competitiveness of exporters in the U.S. and Eurozone.
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 closely monitored by policymakers, financial institutions, and multinational corporations to inform decisions on trade, investments, and economic strategy.
Key Facts
- The euro was introduced in 1999 and is the second most traded currency after the U.S. dollar.
- The Eurozone includes 19 of the 27 European Union member states that have adopted the euro as their official currency.
- The Euro series is published daily by the U.S. Federal Reserve.
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 Eurozone. It measures the relative value of these two major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is a crucial indicator for understanding international trade, cross-border investments, and the relative economic performance of the U.S. and Eurozone.
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, financial institutions, and multinational corporations closely monitor the Euro exchange rate to inform decisions on trade, investments, and broader economic strategy.
Q: Are there update delays or limitations?
A: The Euro series is published daily by the U.S. Federal Reserve with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Euro (FINB6FATC01NCCUQ), retrieved from FRED.