Balance of Payments: Other Investment: Liabilities (or Net Incurrence of Liabilities) for Australia
Australian Dollar
AUSB6FAOI03NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,141,000,000.00
Year-over-Year Change
-10924.01%
Date Range
7/1/1988 - 10/1/2024
Summary
The Australian Dollar (AUD) is the official currency of Australia, used in international trade and investment. It is a major global currency and a key indicator of the Australian economy's 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 (AUD) is the national currency of Australia, used for domestic and international transactions. It is a floating currency, with its exchange rate determined by foreign exchange markets. The AUD is closely watched by economists and policymakers as a barometer of Australia's economic health and global competitiveness.
Methodology
The Australian Dollar exchange rate is calculated based on trading activity in global foreign exchange markets.
Historical Context
The Australian Dollar is a relevant indicator for analyzing Australia's trade balance, inflation, and monetary policy.
Key Facts
- Australia is the 12th largest economy in the world.
- The AUD is the 5th most traded currency globally.
- Australia's economy is heavily dependent on exports of commodities and natural resources.
FAQs
Q: What does this economic trend measure?
A: The Australian Dollar (AUD) exchange rate measures the value of the Australian currency relative to other major global currencies, such as the U.S. Dollar, Euro, and Japanese Yen.
Q: Why is this trend relevant for users or analysts?
A: The AUD exchange rate is a key indicator of Australia's economic performance and global competitiveness. It is closely watched by investors, exporters, importers, and policymakers to assess the country's trade balance, inflation, and monetary policy.
Q: How is this data collected or calculated?
A: The Australian Dollar exchange rate is calculated based on trading activity in global foreign exchange markets.
Q: How is this trend used in economic policy?
A: The Australian Dollar exchange rate is a crucial input for the Reserve Bank of Australia's monetary policy decisions, as it impacts the country's inflation, exports, and international competitiveness.
Q: Are there update delays or limitations?
A: The Australian Dollar exchange rate data is updated in real-time, reflecting the continuous trading activity in global currency markets.
Related Trends
Nominal Exports of Services for Australia
NXSNSAXDCAUQ
Amount Outstanding of International Debt Securities for Issuers in Non-Financial Corporations (Corporate Issuers), All Maturities, Residence of Issuer in Australia
IDSNFAMRIAOAU
Infra-Annual Labor Statistics: Unemployment Rate Female: From 25 to 54 Years for Australia
LRUN25FEAUM156N
Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Australia
CPGREN01AUQ657N
Deposit Money Bank Assets to GDP for Australia
DDDI02AUA156NWDB
Population, Total for Australia
POPTOTAUA647NWDB
Citation
U.S. Federal Reserve, Australian Dollar (AUSB6FAOI03NCCUQ), retrieved from FRED.