The present invention discloses a kind of aluminum alloy foil for heat exchanger of air conditioner, cooler, heater unit, radiator, etc. in automobile and its production process. The aluminum alloy foil is produced with Al, Fe, Si, Mn, Zn, Cu, Mg, Zr and Ti, and through smelting, casting, homogenizing, cutting, milling, heating, rolling, annealing, finish rolling and other steps. The aluminum alloy foil thus produced has no deformation, subsidence and collapse.