Balance of Payments: Reserve Assets: Assets (or Net Acquisition of Assets) for Australia
US dollars, exchange rate converted
AUSB6FARA01CXCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
471,011,100.00
Year-over-Year Change
-62.35%
Date Range
7/1/1959 - 10/1/2024
Summary
The US dollars, exchange rate converted series measures the US dollar's exchange rate against a broad basket of foreign currencies. This trend is a key indicator of the dollar's global purchasing power and 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
This Federal Reserve trade-weighted exchange rate index tracks the value of the US dollar relative to the currencies of major US trading partners. Economists and policymakers use this data to assess the dollar's impact on exports, imports, and overall economic conditions.
Methodology
The data is calculated by the Federal Reserve based on exchange rates and trade volumes.
Historical Context
The exchange rate is a crucial factor in international trade, inflation, and monetary policy decisions.
Key Facts
- The index has a base year of 2006.
- It covers the currencies of over 25 major US trading partners.
- The index reached an all-time high in March 2020 during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This series measures the value of the US dollar against a broad basket of foreign currencies, providing an overall gauge of the dollar's exchange rate.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a key factor in international trade, inflation, and the effectiveness of monetary policy, so this data is closely watched by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates this trade-weighted exchange rate index based on exchange rates and trade volumes with major US trading partners.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this exchange rate index to assess the dollar's competitiveness and its potential impacts on exports, imports, inflation, and the overall economy.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this exchange rate data on a daily basis with minimal delays, making it a timely indicator of US dollar movements.
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Citation
U.S. Federal Reserve, US dollars, exchange rate converted (AUSB6FARA01CXCUQ), retrieved from FRED.