Balance of Payments: Goods: Expenditure for Australia
US dollars, exchange rate converted, Not Seasonally Adjusted
AUSB6DBTD01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76,037,630,000.00
Year-over-Year Change
8.51%
Date Range
7/1/1959 - 10/1/2024
Summary
This economic indicator tracks the US dollar exchange rate, providing insights into the relative strength of the American currency in global currency markets.
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 US dollars, exchange rate converted, Not Seasonally Adjusted series measures the value of the US dollar against a trade-weighted basket of foreign currencies. This trend is closely monitored by economists and policymakers to assess the competitiveness of US exports and the purchasing power of the dollar.
Methodology
The data is collected and calculated by the US Federal Reserve.
Historical Context
This exchange rate metric is used to inform trade, monetary, and economic policies.
Key Facts
- The US dollar is the world's primary reserve currency.
- The exchange rate influences the competitiveness of US exports.
- Fluctuations in the dollar's value impact import/export prices and inflation.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of the US dollar against a trade-weighted basket of foreign currencies, providing insights into the relative strength of the American currency.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is closely monitored by economists and policymakers as it influences the competitiveness of US exports, the purchasing power of the dollar, and broader economic and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Federal Reserve.
Q: How is this trend used in economic policy?
A: This exchange rate metric is used to inform trade, monetary, and economic policies, as fluctuations in the dollar's value can have significant impacts on the US and global economies.
Q: Are there update delays or limitations?
A: The US Federal Reserve provides timely updates on this exchange rate series, though there may be occasional delays or limitations in data availability.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Not Seasonally Adjusted (AUSB6DBTD01CXCUQ), retrieved from FRED.