Balance of Payments: Services: Expenditure for Portugal
Euro, Not Seasonally Adjusted
PRTB6DBSE01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,336,000,000.00
Year-over-Year Change
26.80%
Date Range
1/1/1996 - 10/1/2024
Summary
The 'Euro, Not Seasonally Adjusted' trend measures the exchange rate between the U.S. dollar and the Euro. It is a key indicator for analyzing international trade and capital flows.
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
This exchange rate reflects the market value of the Euro relative to the U.S. dollar. Economists and policymakers use this data to assess the competitiveness of exports, gauge inflationary pressures, and understand the impact of currency movements on the domestic economy.
Methodology
The data is collected and published by the U.S. Federal Reserve.
Historical Context
The Euro exchange rate is a critical input for monetary and fiscal policy decisions.
Key Facts
- The Euro was introduced in 1999.
- The Euro is the official currency of 19 EU member states.
- The Euro-Dollar exchange rate reached a record high of 1.60 in 2008.
FAQs
Q: What does this economic trend measure?
A: The 'Euro, Not Seasonally Adjusted' trend measures 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-Dollar exchange rate is a critical indicator for analyzing international trade, capital flows, and the relative competitiveness of exports.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Euro exchange rate is a key input for monetary and fiscal policy decisions, as it impacts inflation, trade balances, and the domestic economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays.
Related Trends
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Portugal
PRTCP120000GPM
Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Portugal
PRTB6FATT01CXCUQ
Business Tendency Surveys: Business Situation: Economic Activity: Construction: Tendency for Portugal
PRTBCBUTE02STSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Portugal
PRTCP110000IXOBM
Life Insurance Premium Volume to GDP for Portugal
DDDI09PTA156NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 25 Years or over for Portugal
LRHUADMAPTA156N
Citation
U.S. Federal Reserve, Euro, Not Seasonally Adjusted (PRTB6DBSE01NCCUQ), retrieved from FRED.