Balance of Payments: Capital Transfers: Balance (Revenue Minus Expenditure) for Portugal
Euro
PRTB6CATT02NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,105,000,000.00
Year-over-Year Change
51.79%
Date Range
1/1/1996 - 10/1/2024
Summary
The Euro series tracks the exchange rate between the U.S. dollar and the euro, the official currency of the European Union. This metric is crucial for understanding international trade, foreign investment, and the relative strength of major 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 reflects the market value of the euro in U.S. dollar terms. This exchange rate is a key indicator of the global competitiveness of the eurozone economy and a barometer for the relative economic health of the EU and United States.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market quotes.
Historical Context
Policymakers and market analysts closely monitor the Euro series to gauge macroeconomic conditions and inform decisions around monetary and trade policies.
Key Facts
- The euro was introduced as an official currency in 1999.
- The eurozone includes 19 of the 27 European Union member states.
- The Euro series is updated 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 European Union.
Q: Why is this trend relevant for users or analysts?
A: The euro exchange rate is a crucial indicator of global trade, investment, and the relative economic strength of the eurozone and United States.
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 quotes.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the Euro series to gauge macroeconomic conditions and inform decisions around monetary and trade policies.
Q: Are there update delays or limitations?
A: The Euro series is updated daily by the U.S. Federal Reserve, providing timely data with no significant delays.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Portugal
PRTCPHP0404IXOBM
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Portugal
LRHUADMAPTM156S
Geographical Outreach: Number of Automated Teller Machines (ATMs) in 3 Largest Cities for Portugal
PRTFCACLNUM
Infra-Annual Labor Statistics: Unemployment Male: From 55 to 64 Years for Portugal
LFUN55MAPTA647N
International Trade: Exports: Value (Goods): Total for Portugal
XTEXVA01PTA188S
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Unfilled Vacancies for Portugal
LMJVTTUVPTQ647N
Citation
U.S. Federal Reserve, Euro (PRTB6CATT02NCCUQ), retrieved from FRED.