Balance of Payments: Other Investment: Assets (or Net Acquisition of Assets) for Luxembourg
Euro
LUXB6FAOI02NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,076,000,000.00
Year-over-Year Change
-85.42%
Date Range
1/1/2002 - 10/1/2024
Summary
The Euro series tracks the exchange rate between the U.S. dollar and the Euro, the official currency of the Eurozone. This key indicator is closely monitored by economists, policymakers, and financial markets.
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 fundamental economic indicator that reflects the relative strength and stability of the Eurozone economy. It is used to analyze trade flows, foreign investment, and the global competitiveness of European businesses.
Methodology
The data is collected and published by the U.S. Federal Reserve based on foreign exchange market quotations.
Historical Context
The Euro exchange rate is a crucial input for monetary policy decisions by the European Central Bank and is closely watched by international investors and trade partners.
Key Facts
- The Euro was introduced as an official currency in 1999.
- The Eurozone currently has 19 member countries.
- The Euro is the second most traded currency after the U.S. dollar.
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.
Q: Why is this trend relevant for users or analysts?
A: The Euro exchange rate is a fundamental economic indicator that reflects the relative strength and stability of the Eurozone economy and is used to analyze trade flows, foreign investment, and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: The Euro exchange rate is a crucial input for monetary policy decisions by the European Central Bank and is closely watched by international investors and trade partners.
Q: Are there update delays or limitations?
A: The Euro exchange rate data is published regularly by the U.S. Federal Reserve with minimal delay.
Related Trends
Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Luxembourg
LUXCPHP0800GPM
Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Luxembourg
LRUN24TTLUQ156S
Harmonized Index of Consumer Prices: Tools and Equipment for House and Garden for Luxembourg
CP0550LUM086NEST
Consumer Price Index: Communication (COICOP 08): Total for Luxembourg
LUXCP080000GPQ
Number of Identified Exporters to Luxembourg from Ohio
OHLUXA475SCEN
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for Luxembourg
LFEMTTFELUA647N
Citation
U.S. Federal Reserve, Euro (LUXB6FAOI02NCCUQ), retrieved from FRED.