Real Narrow Effective Exchange Rate for Australia
RNAUBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.20
Year-over-Year Change
-6.24%
Date Range
1/1/1964 - 6/1/2025
Summary
The Real Narrow Effective Exchange Rate for Australia measures the strength of the Australian dollar relative to the currencies of its major trading partners, adjusted for inflation. This metric is crucial for assessing Australia's international competitiveness and the impacts on its export and import activities.
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 Real Narrow Effective Exchange Rate for Australia is an index that tracks the purchasing power of the Australian dollar against a basket of currencies from Australia's key trading partners. It provides important insights into the country's trade position and economic performance relative to its major competitors.
Methodology
The data is calculated by the Bank for International Settlements based on exchange rates and consumer price indices.
Historical Context
Policymakers and analysts use this metric to evaluate the Australian economy's external sector and make informed decisions about trade, monetary, and fiscal policies.
Key Facts
- The base year for the index is 2010.
- Australia's major trading partners include China, Japan, and the United States.
- A rising index indicates the Australian dollar is appreciating in real terms.
FAQs
Q: What does this economic trend measure?
A: The Real Narrow Effective Exchange Rate for Australia measures the purchasing power of the Australian dollar relative to the currencies of its major trading partners, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Australia's international competitiveness and the impacts on its export and import activities, providing important insights into the country's trade position and economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements based on exchange rates and consumer price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the Australian economy's external sector and make informed decisions about trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Real Narrow Effective Exchange Rate for Australia (RNAUBIS), retrieved from FRED.