Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Ireland
Euro
IRLB6FATC01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
193,319,000,000.00
Year-over-Year Change
18.61%
Date Range
1/1/2002 - 10/1/2024
Summary
The Euro series tracks the value of the euro currency relative to the U.S. dollar, providing insights into international exchange rates and 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 series from the Federal Reserve measures the trade-weighted value of the euro against a basket of currencies, including the U.S. dollar. This exchange rate is a key indicator of the euro's strength and can reflect broader economic trends like trade balances, inflation, and investor confidence.
Methodology
The data is calculated based on exchange rates published by the European Central Bank.
Historical Context
The Euro series is closely watched by policymakers, analysts, and investors to gauge the euro's competitiveness and the health of the Eurozone economy.
Key Facts
- The euro was introduced as a physical currency in 2002.
- The euro is the second most traded currency after the U.S. dollar.
- The Euro series reflects the euro's value against a weighted basket of foreign currencies.
FAQs
Q: What does this economic trend measure?
A: The Euro series measures the trade-weighted value of the euro relative to a basket of other major currencies, primarily the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The euro's exchange rate is a key indicator of the Eurozone's economic health and competitiveness, influencing trade, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on exchange rates published by the European Central Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the Euro series to gauge the Eurozone's economic performance and the potential need for policy adjustments.
Q: Are there update delays or limitations?
A: The Euro series is updated regularly by the Federal Reserve based on the latest exchange rate data from the European Central Bank.
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Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Ireland
IRLFCSODCXDC
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Ireland
IRLPRMNTO01IXOBM
Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Ireland
CRDQIEANABIS
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Citation
U.S. Federal Reserve, Euro (IRLB6FATC01NCCUQ), retrieved from FRED.