Search: exchange rates
RBA Glossary definition for exchange rates
exchange rates – The price of one currency expressed in terms of another currency. Any exchange rate can be quoted two ways, e.g. Australian dollars per US dollar (USD/AUD) or US dollars per Australian dollar (AUD/USD). The convention for the Australian dollar is that it is quoted as the foreign currency price of the Australian dollar. This is sometimes referred to as the 'Indirect' method of quoting.
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Data Appendix
1 Oct 1989
RDP
8906
Sharp Associates ‘Currency Exchange Rates Data Base’, and are the noon buying price in $US in New York. ... We use the Friday close spot rate in the wholesale market, and the Friday one month forward average of buy and sell rates (quoted in the
https://www.rba.gov.au/publications/rdp/1989/8906/data-appendix.html
Exchange Rate Expectations and the Forward Rate
1 Oct 1989
RDP
8906
Details about the exchange rate dataset (dataset A) are provided in the Data Appendix. ... For Australia, Thorpe et. al. (1988) estimate equation (3) over one month, three month and six month horizons using a trade-weighted exchange rate measure (formed
https://www.rba.gov.au/publications/rdp/1989/8906/exchange-rate-expectations-and-the-forward-rate.html
A Random Walk Around the : Expectations, Risk, Interest Rates and Consequences for External Imbalance
1 Oct 1989
RDP
8906
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1989/8906.html
Skewness
1 Oct 1989
RDP
8906
There have been many studies examing the skewness of exchange rate returns over very short horizons (a day or less – see for example, Bewley et.al., (1987)). ... The large fall which followed the 1987 stockmarket crash suggests that the exchange rate
https://www.rba.gov.au/publications/rdp/1989/8906/skewness.html
A Random Walk Around the : Expectations, Risk, Interest Rates and Consequences for External Imbalance
1 Oct 1989
RDP
8906
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1989/8906/
The Risk Premium
1 Oct 1989
RDP
8906
where, S is the spot exchange rate, S = $US/$A. Defining δ by. ... equivalent to 0.736% every four weeks) on the actual exchange rate data both lead to estimates of the risk premium almost identical to those shown in the Figure.
https://www.rba.gov.au/publications/rdp/1989/8906/risk-premium.html
Discussion
1 Oct 1989
RDP
8906
Apparently unanticipated changes in domestic interest rates do not lead to jumps in the exchange rate (Goodhart, 1988). ... nominal or real exchange rate, even over periods as long as a year.
https://www.rba.gov.au/publications/rdp/1989/8906/discussion.html
References
1 Oct 1989
RDP
8906
1984), ‘International Interest Rate and Price Level Linkages under Flexible Exchange Rates: A Review of Recent Evidence’ in. ... 1988), ‘Risk premiums – implications for the exchange rate and interest rates in Australia since 1984’, ABARE
https://www.rba.gov.au/publications/rdp/1989/8906/references.html
Appendix B
1 Oct 1989
RDP
8906
For all the exchange rates in the two datasets we establish the following results. ... next four weeks only depend on the exchange rate over the previous few weeks (probably no more than three weeks).
https://www.rba.gov.au/publications/rdp/1989/8906/appendix-b.html
Introduction
1 Oct 1989
RDP
8906
Thus,. where i and r denote the nominal and real interest rates for some asset, S is the nominal $US/$A exchange rate, ΔS is the change in S over the ... Section II presents evidence on the forward rate and on survey market expectations as predictors of
https://www.rba.gov.au/publications/rdp/1989/8906/introduction.html