National Accounts: GDP by Expenditure: Constant Prices: Government Final Consumption Expenditure for Australia
Australian Dollar, Annual
NAEXKP03AUA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
520,599,000,000.00
Year-over-Year Change
63.39%
Date Range
1/1/1960 - 1/1/2022
Summary
The Australian Dollar, Annual trend measures the yearly average exchange rate between the Australian dollar and the U.S. dollar. This metric is a key indicator of 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, Annual trend tracks the average annual exchange rate between the Australian dollar and the U.S. dollar. This provides insight into Australia's trade balance, competitiveness, and overall economic health relative to its largest trading partner.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on daily spot exchange rates.
Historical Context
Policymakers and analysts use this trend to assess Australia's trade and investment flows, as well as the country's international economic positioning.
Key Facts
- The Australian dollar is one of the most actively traded currencies globally.
- Australia is a major exporter of commodities, including iron ore, coal, and natural gas.
- The Australian dollar is often seen as a proxy for global risk sentiment.
FAQs
Q: What does this economic trend measure?
A: The Australian Dollar, Annual trend measures the yearly average exchange rate between the Australian dollar and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Australia's trade balance, competitiveness, and overall economic health relative to its largest trading partner, the United States.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on daily spot exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Australia's trade and investment flows, as well as the country's international economic positioning.
Q: Are there update delays or limitations?
A: The data is updated annually by the Federal Reserve and may be subject to minor revisions over time.
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AUSTMRPCPPPT
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AUSCP120000IXNBQ
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Infra-Annual Labor Statistics: Unemployment Rate Male: From 25 to 54 Years for Australia
LRUN25MAAUA156N
Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for Australia
LFINTTMAAUA647N
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Citation
U.S. Federal Reserve, Australian Dollar, Annual (NAEXKP03AUA189S), retrieved from FRED.