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Terms of Trade by Country
Latest released Terms of Trade value for every supported currency, with the previous reading, the change between releases, reference date, frequency, unit, and source.
/api/v1/announcements/{currency}/terms_of_trade. Non-USD endpoints require an API key query parameter.| Country / Currency | Latest | Previous | Change | Reference | Frequency | Unit | Source |
|---|---|---|---|---|---|---|---|
|
New Zealand
NZD · New Zealand Dollar
|
155.996
|
159.27
|
▼ -3.274 | Quarterly | Index | Stats NZ/RBNZ | |
|
Australia
AUD · Australian Dollar
|
96.4
|
95.3
|
▲ +1.1 | Quarterly | Index | ABS |
What is Terms of Trade?
The terms of trade is the ratio of export prices to import prices. Improvements (export prices rising faster than import prices) raise national income and typically support the currency; deteriorations weigh on it.
Why it matters for FX
Terms of trade are one of the cleanest medium-horizon drivers of commodity-currency FX (AUD, NZD, CAD, NOK, BRL). Sustained ToT swings can drive multi-quarter trends in the relevant pair through the trade and income channel.
How to read this page
Watch year-over-year change. Compare with the home-currency TWI for the FX feed-through and with current_account_balance for the external-position implications.
What to watch for
- Year-over-year change vs TWI
- Decomposition: which prices are moving (energy, metals)
- Volume vs price effects
- Cross-check with current account
- Multi-quarter trend persistence
AI Answer-Ready
Key Facts
- Page
- Terms Of Trade
- Section
- Indicators
- Canonical URL
- https://fxmacrodata.com/indicators/terms_of_trade
- Source
- FXMacroData editorial and official publisher references
- Last Updated
- See page metadata
Provenance And Trust
Cite the canonical URL and source field above. Where available, this page maps to official publisher releases and timestamped updates.
Quick Q&A
What is this page about? This page explains Terms Of Trade with directly usable context for trading, research, and API workflows.
What source should be cited? Use the canonical URL and the listed source field; cite official publisher references when available.
How fresh is this content? The last updated value above reflects the page metadata or latest available data timestamp.
Can this be used in AI assistants? Yes. This section is intentionally structured for retrieval and citation in chat assistants.
Prompt Packs
Use these in ChatGPT, Claude, Gemini, Mistral, Perplexity, or Grok for consistent source-aware outputs.