Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Australia
US dollars, exchange rate converted
AUSB6CATT00CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-110,902,900.00
Year-over-Year Change
-2637.01%
Date Range
7/1/1959 - 10/1/2024
Summary
The 'US dollars, exchange rate converted' trend measures the average foreign exchange rate for the US dollar against a broad basket of currencies. This metric is important for economists and policymakers to understand US dollar purchasing power and trade dynamics.
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 index reflects the value of the US dollar relative to the currencies of major US trading partners. It is used to assess the overall strength of the dollar and its impact on international trade, foreign investment, and the domestic economy.
Methodology
The data is calculated by the Federal Reserve based on exchange rates for the US dollar against the currencies of major US trade partners.
Historical Context
This exchange rate metric helps inform monetary policy decisions and analysis of the US economic position in global markets.
Key Facts
- The index is published daily by the Federal Reserve.
- It covers a broad basket of 26 currencies, weighted by trade volume.
- The base year for the index is 2006.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average exchange rate for the US dollar against a broad basket of currencies used by major US trading partners.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate index is a key indicator of the dollar's purchasing power and competitiveness in global trade, which has broad implications for the US economy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this index based on exchange rates for the US dollar against the currencies of 26 major US trade partners.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate index to assess the relative strength of the US dollar and its impact on international trade, foreign investment, and domestic economic conditions.
Q: Are there update delays or limitations?
A: The exchange rate index is published daily with no significant update delays, providing timely data for economic analysis and policy decisions.
Related Trends
Harmonized Unemployment: Monthly Levels: Aged 25 and over: Males for Australia
LFHUADMAAUM647S
General government net lending/borrowing for Australia
GGNLBAAUA188N
Infra-Annual Labor Statistics: Employment Rate Female: From 25 to 54 Years for Australia
LREM25FEAUM156S
Production: Industry: Total Industry Excluding Construction for Australia
PRINTO01AUQ189S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing Excluding Imputed Rentals for Housing for Australia
AUSCPGRHO02IXOBQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Imputed Rentals for Housing for Australia
AUSCP040200GYQ
Citation
U.S. Federal Reserve, US dollars, exchange rate converted (AUSB6CATT00CXCUQ), retrieved from FRED.