Balance of Payments: Financial Account: Net (Assets Minus Liabilities) for Australia
US dollars, exchange rate converted
AUSB6FATT01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-9,364,771,000.00
Year-over-Year Change
-417.69%
Date Range
7/1/1959 - 10/1/2024
Summary
The 'US dollars, exchange rate converted' series measures the US dollar's exchange rate against a broad basket of currencies. This metric is critical for understanding the dollar's global purchasing power and competitiveness.
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 series, published by the Federal Reserve, tracks the trade-weighted nominal US dollar index, which is an indicator of the dollar's value relative to the currencies of major US trading partners. It is widely used by economists and policymakers to analyze trade dynamics and the dollar's role in the global economy.
Methodology
The data is calculated based on exchange rates between the US dollar and a selection of other currencies, weighted by trade volume.
Historical Context
The US dollar exchange rate is a key variable in macroeconomic policy, influencing trade balances, inflation, and capital flows.
Key Facts
- The US dollar is the world's most widely traded currency.
- The exchange rate index has a base year of 2006.
- The index tracks the dollar against 26 foreign currencies.
FAQs
Q: What does this economic trend measure?
A: This series tracks the US dollar's exchange rate against a broad basket of foreign currencies, providing an overall indicator of the dollar's value and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The US dollar exchange rate is a critical economic indicator, as it influences trade balances, import/export prices, capital flows, and the cost of servicing dollar-denominated debt.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates between the US dollar and a selection of other currencies, weighted by trade volume.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor the US dollar exchange rate to assess the competitiveness of US exports, the purchasing power of US consumers, and the impact on inflation and interest rates.
Q: Are there update delays or limitations?
A: This data is published by the Federal Reserve with a relatively short lag, and is considered a reliable and comprehensive indicator of the US dollar's exchange rate performance.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (AUSB6FATT01CXCUQ), retrieved from FRED.