National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Portugal
Euro, Annual
NAEXKP06PTA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94,528,552,000.00
Year-over-Year Change
72.33%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'Euro, Annual' trend measures the annual exchange rate between the U.S. dollar and the Euro. This metric is crucial for economists and policymakers to understand international trade, foreign investment, and the relative strength of national currencies.
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, Annual series tracks the yearly average exchange rate between the U.S. dollar and the Euro, the official currency of the European Union. This long-term trend provides insight into the relative purchasing power and trade dynamics between the world's two largest economic blocs.
Methodology
The data is collected by the U.S. Federal Reserve through daily foreign exchange rate observations.
Historical Context
The Euro, Annual trend is widely used by economists, investors, and policymakers to assess macroeconomic conditions and inform international economic strategies.
Key Facts
- The Euro was introduced in 1999 as the official currency of the European Union.
- The U.S. dollar is the world's most traded and influential foreign exchange currency.
- Exchange rate fluctuations impact the prices of imported and exported goods.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Annual' trend measures the yearly average exchange rate between the U.S. dollar and the Euro, the official currency of the European Union.
Q: Why is this trend relevant for users or analysts?
A: This long-term trend provides crucial insight into the relative purchasing power and trade dynamics between the world's two largest economic blocs, informing international economic strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through daily foreign exchange rate observations.
Q: How is this trend used in economic policy?
A: The Euro, Annual trend is widely used by economists, investors, and policymakers to assess macroeconomic conditions and inform international economic strategies.
Q: Are there update delays or limitations?
A: The Euro, Annual data is published by the Federal Reserve with no significant update delays.
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Citation
U.S. Federal Reserve, Euro, Annual (NAEXKP06PTA652S), retrieved from FRED.