National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Australia
Australian Dollar, Annual
NAEXKP01AUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,381,241,000,000.00
Year-over-Year Change
35.32%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend measures the annual average exchange rate between the Australian dollar and the U.S. dollar. It is a key indicator for understanding Australia's international trade 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
The Australian dollar exchange rate reflects the relative value of the Australian currency compared to the U.S. dollar. This metric is closely watched by economists, policymakers, and businesses to gauge Australia's economic performance and trade dynamics.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Australian dollar exchange rate is an important factor in Australia's economic and trade policies.
Key Facts
- The Australian dollar reached a 40-year high against the U.S. dollar in 2011.
- Australia is one of the world's largest exporters of commodities like iron ore and coal.
- The Australian dollar is a major global currency, ranking 5th by value of daily traded contracts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate between the Australian dollar and the U.S. dollar, providing insight into Australia's international trade and economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The Australian dollar exchange rate is a key indicator watched closely by economists, policymakers, and businesses to understand Australia's economic performance and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Australian dollar exchange rate is an important factor in Australia's economic and trade policies, as it affects the country's international competitiveness and trade balance.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be some delay in availability compared to more frequently updated economic indicators.
Related Trends
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Australia
IR3TIB01AUM156N
Mutual Fund Assets to GDP for Australia
DDDI07AUA156NWDB
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Australia
AUSCP020000IXNBQ
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Australia
LFIN55TTAUA647N
Production: Construction: Total for Australia
PRCNTO01AUQ659S
Infra-Annual Labor Statistics: Working-Age Population Male: 15 Years or over for Australia
LFWATTMAAUA647N
Citation
U.S. Federal Reserve, Australian Dollar, Annual (NAEXKP01AUA189S), retrieved from FRED.