National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Australia
Australian Dollar, Annual
NAEXKP07AUA652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
493,166,000,000.00
Year-over-Year Change
34.11%
Date Range
1/1/1960 - 1/1/2022
Summary
The 'Australian Dollar, Annual' trend measures the average annual exchange rate between the U.S. dollar and the Australian dollar. This metric is important for economists and policymakers to understand trade dynamics and foreign investment flows.
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 widely-traded global commodity currency. This annual exchange rate series provides a high-level view of the Australian dollar's value relative to the U.S. dollar over time, which is a key indicator for international trade and capital movements.
Methodology
The data is calculated based on daily exchange rate observations over each calendar year.
Historical Context
The Australian dollar exchange rate is closely monitored by central banks, traders, and economists for its implications on imports, exports, and cross-border investments.
Key Facts
- The Australian dollar is the 5th most traded currency globally.
- Australia is the 13th largest economy in the world by nominal GDP.
- The Australian dollar is a commodity currency, strongly influenced by exports of minerals and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The 'Australian Dollar, Annual' trend measures the average annual exchange rate between the U.S. dollar and the Australian dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding trade dynamics and foreign investment flows, as the Australian dollar exchange rate has significant implications for the Australian economy.
Q: How is this data collected or calculated?
A: The data is calculated based on daily exchange rate observations over each calendar year.
Q: How is this trend used in economic policy?
A: The Australian dollar exchange rate is closely monitored by central banks, traders, and economists for its implications on imports, exports, and cross-border investments.
Q: Are there update delays or limitations?
A: The annual exchange rate data is updated on a regular basis, but may have a short delay compared to real-time exchange rate quotes.
Related Trends
M1 for Australia
MYAGM1AUM189S
Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Australia
IDSGAMRIAOAU
National Accounts: GDP by Expenditure: Current Prices: Changes in Inventories and Net Acquisition of Valuables for Australia
AUSCINSQDSMEI
Consumer Price Index for Australia
DDOE02AUA086NWDB
Production: Construction: Total for Australia
PRCNTO01AUQ659S
Nominal Exports of Services for Australia
NXSNSAXDCAUQ
Citation
U.S. Federal Reserve, Australian Dollar, Annual (NAEXKP07AUA652S), retrieved from FRED.