Australia Foreign Exchange Reserves: Months of Import

Key information about Australia Foreign Exchange Reserves: Months of Import

• Australia Foreign Exchange Reserves equaled 1.5 Months of Import in May 2023, compared with the ratio of 1.8 in the previous month
• Australia Foreign Exchange Reserves: Months of Import data is updated monthly, available from Jul 1971 to May 2023
• The data reached an all-time high of 14.9 in Dec 1972 and a record low of 0.5 in Jan 1982

CEIC calculates Foreign Exchange Reserves as Months of Import from monthly Foreign Exchange Reserves and monthly Imports. The Reserve Bank of Australia provides Foreign Exchange Reserves in local currency. The Australian Bureau of Statistics provides Imports in local currency. Foreign Exchange Reserves prior to January 2015 is based on the old Bank's methodology before the adjustment according to the International Monetary Fund's International Reserves and Foreign Liquidity (IRFCL) framework


Further information about Australia Foreign Exchange Reserves: Months of Import

• In the latest reports, Australia Foreign Exchange Reserves was measured at 37.1 USD bn in Jun 2023
• Its Money Supply M2 increased 4.1 % YoY in Jun 2023
• Australia Domestic Credit reached 3,627.0 USD bn in May 2023, representing an increased of 1.9 % YoY
• The country's Non Performing Loans Ratio stood at 0.8 % in Mar 2023, compared with the ratio of 0.8 % in the previous quarter
• Household Debt of Australia reached 1,957.6 USD bn in Mar 2023, accounting for 116.6 % of the country's Nominal GDP

View Australia's Foreign Exchange Reserves: Months of Import from Jul 1971 to May 2023 in the chart:

What was Australia's Foreign Exchange Reserves: Months of Import in May 2023?

Australia Foreign Exchange Reserves equaled 1.5 Months of Import in May 2023, compared with the ratio of 1.8 in the previous month See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
1.5 May 2023	1.8 Apr 2023	0.5 Jan 1982	14.9 Dec 1972	NA	monthly	Jul 1971 - May 2023

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