Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Australia
Australian Dollar, Annual, Seasonally Adjusted
MANMM101AUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,661,508,333,333.33
Year-over-Year Change
295.60%
Date Range
1/1/1961 - 1/1/2022
Summary
The Australian Dollar, Annual, Seasonally Adjusted trend measures the value of the Australian dollar relative to other major currencies on an annual, seasonally adjusted basis. This metric is closely watched by economists and policymakers to assess Australia's economic performance and international 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, Annual, Seasonally Adjusted is a key economic indicator that tracks the yearly average exchange rate of the Australian dollar against a basket of major global currencies. It provides insight into Australia's trade balance, inflation, and overall economic health, and is used to inform monetary and fiscal policy decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Historical Context
This trend is widely referenced by financial markets, economists, and policymakers to evaluate Australia's economic position and competitiveness.
Key Facts
- The Australian dollar is one of the most traded currencies globally.
- Australia is a major exporter of commodities such as iron ore, coal, and natural gas.
- The Australian dollar is often used as a proxy for global risk sentiment.
FAQs
Q: What does this economic trend measure?
A: The Australian Dollar, Annual, Seasonally Adjusted trend measures the yearly average exchange rate of the Australian dollar against other major currencies, providing insight into Australia's trade balance and economic performance.
Q: Why is this trend relevant for users or analysts?
A: This trend is widely used by economists, policymakers, and financial market participants to assess Australia's international competitiveness, monitor inflation, and inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily exchange rate observations.
Q: How is this trend used in economic policy?
A: The Australian Dollar, Annual, Seasonally Adjusted trend is a key input for the Reserve Bank of Australia and other policymakers when evaluating monetary policy and managing the country's exchange rate and trade dynamics.
Q: Are there update delays or limitations?
A: The data is typically released with a short delay, and the seasonal adjustment process may introduce some limitations in interpreting short-term fluctuations.
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Real Exports of Services for Australia
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Citation
U.S. Federal Reserve, Australian Dollar, Annual, Seasonally Adjusted (MANMM101AUA189S), retrieved from FRED.