Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Australia
Australian Dollar
AUSB6FATC01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110,501,000,000.00
Year-over-Year Change
55.76%
Date Range
7/1/1988 - 10/1/2024
Summary
The Australian Dollar (AUSB6FATC01NCCUQ) is the official currency of Australia. It is a widely traded global currency that reflects the strength of the Australian economy.
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 national currency of Australia and a major global currency pair. It is frequently traded against the U.S. Dollar and other major currencies, making it an important indicator of economic conditions and capital flows.
Methodology
The Australian Dollar exchange rate is determined by foreign exchange markets based on supply and demand.
Historical Context
Movements in the Australian Dollar are closely watched by policymakers, investors, and analysts for insights into Australia's economic performance and international trade.
Key Facts
- Australia is one of the world's largest exporters of commodities like iron ore, coal, and gold.
- The Australian Dollar is the fifth most traded currency globally.
- The Australian Dollar is seen as a proxy for global risk sentiment.
FAQs
Q: What does this economic trend measure?
A: The Australian Dollar (AUSB6FATC01NCCUQ) measures the exchange rate between the Australian Dollar and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: The Australian Dollar is an important indicator of Australia's economic performance and a barometer for global risk sentiment.
Q: How is this data collected or calculated?
A: The Australian Dollar exchange rate is determined by foreign exchange markets based on supply and demand.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts closely monitor the Australian Dollar for insights into Australia's trade position and the broader global economy.
Q: Are there update delays or limitations?
A: The Australian Dollar exchange rate data is available in real-time from foreign exchange markets.
Related Trends
Balance of Payments: Services: Revenue for Australia
AUSB6CRSE03STSAQ
Bank's Net Interest Margin for Australia
DDEI01AUA156NWDB
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Australia
IRLTLT01AUM156N
Bank's Return on Equity for Australia
DDEI06AUA156NWDB
Liquid Liabilities (Broad Money) for Australia
DDOI07AUA648NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Australia
LRHUTTMAAUQ156S
Citation
U.S. Federal Reserve, Australian Dollar (AUSB6FATC01NCCUQ), retrieved from FRED.