International Merchandise Trade Statistics: Trade Balance: Commodities for Australia
Australian Dollar, Annual, Seasonally Adjusted
XTNTVA01AUA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88,548,310,000.00
Year-over-Year Change
1219.40%
Date Range
1/1/1955 - 1/1/2024
Summary
The Australian Dollar, Annual, Seasonally Adjusted trend measures the yearly value of the Australian dollar relative to other major currencies, adjusted for seasonal fluctuations. It is a key indicator of Australia's international economic competitiveness and trade dynamics.
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
This trend represents the annual average exchange rate of the Australian dollar against a trade-weighted basket of foreign currencies, with seasonal variations removed. It is widely used by economists, policymakers, and market analysts to assess Australia's macroeconomic performance and trade position.
Methodology
The data is collected and calculated by the Reserve Bank of Australia based on daily exchange rate observations.
Historical Context
The Australian dollar exchange rate is a crucial factor in Australia's international trade, influencing the competitiveness of its exports and the cost of imports.
Key Facts
- The Australian dollar is one of the most traded currencies globally.
- Australia's trade balance is heavily influenced by the value of the Australian dollar.
- The Reserve Bank of Australia closely monitors the exchange rate as a key policy tool.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate of the Australian dollar against a basket of major foreign currencies, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: The Australian dollar exchange rate is a crucial indicator of Australia's international economic competitiveness and trade dynamics, making this trend highly relevant for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Reserve Bank of Australia based on daily exchange rate observations.
Q: How is this trend used in economic policy?
A: The Australian dollar exchange rate is a key policy tool for the Reserve Bank of Australia, as it influences the competitiveness of Australian exports and the cost of imports, which are important factors in the country's trade balance and overall economic performance.
Q: Are there update delays or limitations?
A: The Australian Dollar, Annual, Seasonally Adjusted trend is updated regularly by the Reserve Bank of Australia, with minimal delays. However, as with any exchange rate data, there may be some limitations in capturing rapid, short-term fluctuations.
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Citation
U.S. Federal Reserve, Australian Dollar, Annual, Seasonally Adjusted (XTNTVA01AUA664S), retrieved from FRED.