International Merchandise Trade Statistics: Exports: Commodities for Australia
Australian Dollar, Annual, Seasonally Adjusted
XTEXVA01AUA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
516,918,700,000.00
Year-over-Year Change
108.37%
Date Range
1/1/1955 - 1/1/2024
Summary
The Australian Dollar, Annual, Seasonally Adjusted series tracks the yearly exchange rate between the Australian dollar and the U.S. dollar, adjusted for seasonal factors. This metric is widely followed by economists and policymakers to assess 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, Annual, Seasonally Adjusted series provides a yearly snapshot of the Australian dollar's value relative to the U.S. dollar, with seasonal fluctuations removed. It is a key indicator of Australia's economic health and trade dynamics, used by analysts to evaluate the country's export competitiveness and import pressures.
Methodology
This data is collected by the U.S. Federal Reserve through monitoring of international foreign exchange markets.
Historical Context
Policymakers and market participants closely monitor trends in the Australian dollar's exchange rate to inform decisions around monetary policy, trade agreements, and investment strategies.
Key Facts
- The Australian dollar is the fifth most traded currency globally.
- Australia is one of the world's largest exporters of natural resources, including coal, iron ore, and agricultural products.
- The Australian dollar is considered a commodity currency, as its value is influenced by fluctuations in commodity prices.
FAQs
Q: What does this economic trend measure?
A: The Australian Dollar, Annual, Seasonally Adjusted series tracks the yearly exchange rate between the Australian dollar and the U.S. dollar, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely followed by economists and policymakers to assess Australia's international trade dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through monitoring of international foreign exchange markets.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor the Australian dollar's exchange rate to inform decisions around monetary policy, trade agreements, and investment strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a focus on removing seasonal fluctuations.
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Citation
U.S. Federal Reserve, Australian Dollar, Annual, Seasonally Adjusted (XTEXVA01AUA664S), retrieved from FRED.