Sales: Retail Trade: Total Retail Trade: Volume for Australia
Australian Dollar, Quarterly level, Quarterly, Not Seasonally Adjusted
SLRTTO01AUQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95,427,900,000.00
Year-over-Year Change
6.13%
Date Range
7/1/1983 - 7/1/2023
Summary
This economic trend measures the quarterly level of the Australian dollar exchange rate, which is an important indicator of 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 is the official currency of Australia and is widely traded on global foreign exchange markets. This quarterly series provides the level of the Australian dollar against other major currencies, reflecting the broader economic conditions and trade dynamics of the Australian economy.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Policymakers and analysts use this trend to assess Australia's export and import competitiveness and the overall strength of the Australian economy.
Key Facts
- The Australian dollar is the 5th most traded currency globally.
- Australia is one of the world's largest exporters of commodities like iron ore and coal.
- The Australian dollar has appreciated over 50% against the U.S. dollar since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly level of the Australian dollar exchange rate, which reflects the value of the Australian currency relative to other major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The Australian dollar exchange rate is a crucial indicator of Australia's international trade competitiveness and the overall strength of the Australian economy.
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: Policymakers and analysts use this trend to assess Australia's export and import competitiveness, which informs monetary and trade policy decisions.
Q: Are there update delays or limitations?
A: This quarterly series is published without seasonal adjustments, which may limit its use for certain types of economic analysis.
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Citation
U.S. Federal Reserve, Australian Dollar, Quarterly level, Quarterly, Not Seasonally Adjusted (SLRTTO01AUQ189N), retrieved from FRED.