Monetary Aggregates and Their Components: Broad Money and Components: M3 for Australia
Australian Dollar, Monthly, Not Seasonally Adjusted
MABMM301AUM189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,940,000,000,000.00
Year-over-Year Change
4.63%
Date Range
1/1/1960 - 11/1/2023
Summary
The Australian Dollar, Monthly, Not Seasonally Adjusted series tracks the exchange rate between the Australian dollar and the U.S. dollar on a monthly basis without seasonal adjustments. This metric is closely watched by economists, policymakers, and investors to assess Australia's economic performance and global 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
The Australian Dollar, Monthly, Not Seasonally Adjusted series measures the value of the Australian dollar relative to the U.S. dollar on a monthly basis. This exchange rate is a key indicator of Australia's economic health and trade competitiveness, providing insights into the country's import/export activity, tourism, and international investment flows.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and analysts use this series to evaluate Australia's monetary policy, trade balance, and overall economic conditions.
Key Facts
- The Australian dollar is one of the most traded currencies globally.
- Australia is a major exporter of commodities like iron ore, coal, and agricultural products.
- Exchange rate fluctuations impact the competitiveness of Australian exports and imports.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly exchange rate between the Australian dollar and the U.S. dollar, providing a measure of the Australian currency's value relative to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The Australian dollar exchange rate is a crucial indicator of Australia's economic performance and trade competitiveness, making it highly relevant for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to evaluate Australia's monetary policy, trade balance, and overall economic conditions, which informs decision-making and market forecasts.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays, providing timely information on the Australian dollar's exchange rate.
Related Trends
Bank's Net Interest Margin for Australia
DDEI01AUA156NWDB
Production: Construction: Total for Australia
PRCNTO01AUQ657S
Weekly Earnings: Manufacturing for Australia
LCEAMN02AUQ661N
Population ages 65 and above for Australia
SPPOP65UPTOZSAUS
Bank's Return on Equity for Australia
DDEI06AUA156NWDB
Broad Money, Alternate Definition 1 for Australia
BDMYA1AUM189S
Citation
U.S. Federal Reserve, Australian Dollar, Monthly, Not Seasonally Adjusted (MABMM301AUM189N), retrieved from FRED.