Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Australia
CCUSSP01AUM650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
-0.75%
Date Range
1/1/1960 - 11/1/2023
Summary
This economic trend measures the US dollar exchange rate against the Australian dollar, a key indicator of the relative strength of the two currencies.
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 Dollar Exchange Rate: Spot, End of Period is the value of the US dollar in terms of the Australian dollar at the end of each period, providing insight into currency market dynamics and cross-border trade and investment.
Methodology
The data is collected by the US Federal Reserve through monitoring of international currency markets.
Historical Context
This exchange rate is closely watched by policymakers, businesses, and investors to assess economic conditions and guide decision-making.
Key Facts
- The US dollar is one of the world's reserve currencies.
- Australia is a major trading partner of the United States.
- Exchange rates impact cross-border commerce and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the US dollar exchange rate against the Australian dollar, providing insight into the relative strength and valuation of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The US dollar to Australian dollar exchange rate is a key indicator for businesses, investors, and policymakers assessing economic conditions, trade dynamics, and investment opportunities.
Q: How is this data collected or calculated?
A: The data is collected by the US Federal Reserve through monitoring of international currency markets.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor exchange rates to understand trade balances, capital flows, and the potential impact on domestic prices and economic growth.
Q: Are there update delays or limitations?
A: The data is reported on a timely basis, with the spot exchange rate provided at the end of each period.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Australia (CCUSSP01AUM650N), retrieved from FRED.