International Merchandise Trade Statistics: Trade Balance: Commodities for Australia
US dollars, exchange rate converted, Annual, Seasonally Adjusted
XTNTVA01AUA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,423,270,000.00
Year-over-Year Change
740.90%
Date Range
1/1/1957 - 1/1/2024
Summary
This economic trend measures the annual, seasonally adjusted exchange rate for the U.S. dollar against a trade-weighted basket of foreign currencies. It is a key indicator of the dollar's strength and international purchasing power.
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 U.S. dollar exchange rate is a fundamental economic indicator that reflects the value of the American currency relative to other global currencies. This annual, seasonally adjusted series provides a comprehensive gauge of the dollar's performance in international markets and trade.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using a trade-weighted index of exchange rates.
Historical Context
The dollar exchange rate is closely monitored by policymakers, economists, and market participants to assess the U.S. economy's competitiveness and international trade dynamics.
Key Facts
- The U.S. dollar exchange rate is a crucial barometer of the currency's global purchasing power.
- A stronger dollar can make U.S. exports less competitive but imports more affordable.
- Exchange rate fluctuations impact inflation, consumer prices, and the cost of cross-border transactions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, seasonally adjusted exchange rate for the U.S. dollar against a trade-weighted basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The U.S. dollar exchange rate is a fundamental economic indicator that reflects the value of the American currency in international markets, which is closely monitored by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using a trade-weighted index of exchange rates.
Q: How is this trend used in economic policy?
A: The dollar exchange rate is used by policymakers, economists, and market participants to assess the U.S. economy's competitiveness and international trade dynamics.
Q: Are there update delays or limitations?
A: This annual, seasonally adjusted series may have a delay in updates compared to more frequent exchange rate measures.
Related Trends
Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Australia
LFIN64TTAUQ647S
Composite Leading Indicators: Composite Leading Indicator (CLI) Normalized for Australia
AUSLOLITONOSTSAM
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Australia
PRINTO01AUQ661N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Australia
AUSCP050000GYQ
Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Australia
AUSCP120000GPQ
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Australia
BARTERICMP25UPZSAUS
Citation
U.S. Federal Reserve, US dollars, exchange rate converted, Annual, Seasonally Adjusted (XTNTVA01AUA667S), retrieved from FRED.