Monetary Aggregates and Their Components: Broad Money and Components: M3 for Australia
Australian Dollar, Quarterly, Not Seasonally Adjusted
MABMM301AUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,917,900,000,000.00
Year-over-Year Change
21.63%
Date Range
1/1/1960 - 7/1/2023
Summary
This series tracks the quarterly exchange rate of the Australian dollar against the U.S. dollar, without seasonal adjustments. It is a key indicator of Australia's economic performance and trade 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
The Australian dollar is the official currency of Australia and a major global currency. The exchange rate between the Australian and U.S. dollars is a vital metric for assessing Australia's trade balance, capital flows, and economic outlook.
Methodology
The data is collected and reported by the Federal Reserve based on market exchange rates.
Historical Context
Policymakers and analysts closely monitor the Australian dollar exchange rate to gauge the country's international competitiveness and trade dynamics.
Key Facts
- The Australian dollar is the 5th most traded currency globally.
- Australia is one of the world's largest exporters of commodities like iron ore, coal, and gold.
- The Australian dollar's exchange rate is influenced by commodity prices and interest rate differentials.
FAQs
Q: What does this economic trend measure?
A: This series tracks the quarterly exchange rate of the Australian dollar against the U.S. dollar, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The Australian dollar exchange rate is a key indicator of Australia's economic performance and trade competitiveness, which is closely monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Australian dollar exchange rate to gauge the country's international competitiveness and trade dynamics, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly and may have some delay in publication, but it provides a reliable and comprehensive view of the Australian dollar's exchange rate.
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Citation
U.S. Federal Reserve, Australian Dollar, Quarterly, Not Seasonally Adjusted (MABMM301AUQ189N), retrieved from FRED.