International Merchandise Trade Statistics: Trade Balance: Commodities for Portugal
Euro, Quarterly, Seasonally Adjusted
XTNTVA01PTQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7,397,200,000.00
Year-over-Year Change
-1.23%
Date Range
1/1/1955 - 1/1/2025
Summary
This economic trend tracks the quarterly value of the euro currency against a trade-weighted basket of foreign currencies, adjusted for seasonal variations. It provides important insights into exchange rate dynamics and international trade.
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, Quarterly, Seasonally Adjusted series measures the trade-weighted value of the euro relative to a basket of foreign currencies. This broad-based exchange rate index is a key indicator of the euro's international purchasing power and competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on currency market transactions.
Historical Context
This exchange rate trend is closely monitored by policymakers, multinational corporations, and financial analysts to assess the euro's global economic impact.
Key Facts
- The euro is the official currency of 19 of the 27 European Union member states.
- The euro was introduced in 1999 and became physical currency in 2002.
- The euro is the second most traded currency in the global foreign exchange market after the U.S. dollar.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly, seasonally adjusted trade-weighted value of the euro against a basket of foreign currencies. It reflects the euro's international purchasing power and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The euro exchange rate is a critical indicator for policymakers, multinational corporations, and financial markets in assessing the euro's global economic impact and the competitiveness of European exports.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on currency market transactions.
Q: How is this trend used in economic policy?
A: Central banks and government policymakers closely monitor the euro's exchange rate to inform monetary policy, trade negotiations, and assessments of the eurozone's economic performance.
Q: Are there update delays or limitations?
A: The euro exchange rate data is published quarterly with a short delay, providing timely information on this important economic indicator.
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Citation
U.S. Federal Reserve, Euro, Quarterly, Seasonally Adjusted (XTNTVA01PTQ664S), retrieved from FRED.