International Merchandise Trade Statistics: Imports: Commodities for Australia
Australian Dollar, Annual, Seasonally Adjusted
XTIMVA01AUA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
428,339,000,000.00
Year-over-Year Change
77.46%
Date Range
1/1/1955 - 1/1/2024
Summary
The Australian Dollar, Annual, Seasonally Adjusted trend measures the yearly exchange rate between the Australian dollar and other currencies, adjusted for seasonal variations. This metric is closely watched by economists and policymakers to assess Australia's economic competitiveness and international 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
This trend represents the annual average of the Australian dollar's exchange rate against other major currencies, with seasonal fluctuations removed. It provides insight into the long-term purchasing power and trade balance of the Australian economy compared to its global counterparts.
Methodology
The data is collected by the U.S. Federal Reserve through daily foreign exchange rate observations and aggregated to an annual average.
Historical Context
The Australian dollar exchange rate is a key indicator used by the Reserve Bank of Australia and international markets to monitor the country's economic performance and adjust policies accordingly.
Key Facts
- The Australian dollar is one of the most traded currencies globally.
- Australia's exchange rate is heavily influenced by commodity prices and China's economic growth.
- The Australian dollar has seen significant volatility over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate of the Australian dollar against other major currencies, with seasonal variations removed.
Q: Why is this trend relevant for users or analysts?
A: The Australian dollar exchange rate is a crucial indicator of the country's economic competitiveness and trade balance, making it highly relevant for economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through daily foreign exchange rate observations and aggregated to an annual average.
Q: How is this trend used in economic policy?
A: The Reserve Bank of Australia and international markets closely monitor the Australian dollar exchange rate to inform monetary and trade policies that support the country's economic performance.
Q: Are there update delays or limitations?
A: The annual data may have a delay of several months before being published, and the seasonal adjustment process can introduce some limitations in interpreting short-term fluctuations.
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Citation
U.S. Federal Reserve, Australian Dollar, Annual, Seasonally Adjusted (XTIMVA01AUA664S), retrieved from FRED.