Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Australia
Australian Dollar, Quarterly, Not Seasonally Adjusted
MANMM101AUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,624,400,000,000.00
Year-over-Year Change
22.14%
Date Range
4/1/1960 - 7/1/2023
Summary
This economic indicator tracks the quarterly value of the Australian dollar against a trade-weighted basket of currencies on a non-seasonally adjusted basis. It provides insights into the fluctuations of Australia's currency, which is a key factor in the country's international trade and economic performance.
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, Quarterly, Not Seasonally Adjusted series measures the nominal value of the Australian dollar relative to other major currencies. This broad-based exchange rate is used by economists and policymakers to assess Australia's international competitiveness and the impacts on its import-export dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on currency market transactions.
Historical Context
Trends in the Australian dollar exchange rate are closely monitored by the Reserve Bank of Australia and influence the country's monetary and trade policies.
Key Facts
- The Australian dollar is one of the most traded currencies globally.
- Australia is a major exporter of commodities like iron ore, coal, and gold.
- Currency fluctuations impact the competitiveness of Australian exports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the quarterly value of the Australian dollar against a trade-weighted basket of currencies on a non-seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The Australian dollar exchange rate is a key indicator of the country's international competitiveness and impacts its import-export dynamics, making it important for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on currency market transactions.
Q: How is this trend used in economic policy?
A: Trends in the Australian dollar exchange rate are closely monitored by the Reserve Bank of Australia and influence the country's monetary and trade policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Australian Dollar, Quarterly, Not Seasonally Adjusted (MANMM101AUQ189N), retrieved from FRED.