Search: floating exchange rate
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RBA Glossary definition for floating exchange rate
floating exchange rate – Exchange rates determined by market forces based on the demand for and supply of a currency.
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Introduction
1 May 1986
RDP
8603
The introduction of a floating exchange rate system in December 1983 and the associated increase in exchange rate volatility. ... may have altered behaviour in the foreign exchange market. The purpose of this paper is to re-examine the speculative
https://www.rba.gov.au/publications/rdp/1986/8603/introduction.html
Conclusion
1 May 1986
RDP
8603
RDP 8603: Risk Premia, Market Efficiency and the Exchange Rate: Some Evidence Since the Float 5. ... Hence, readily available information can be used to improve the forecast of the future spot exchange rate that Is provided by the current forward rate.
https://www.rba.gov.au/publications/rdp/1986/8603/conclusion.html