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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Import Invoicing Currencies in Australia
1 Jul 2016
RDP
2016-05
Thus, some bilateral exchange rates are more relevant for some goods than others. ... Japanese yen exchange rate is more relevant for the former than the latter.
https://www.rba.gov.au/publications/rdp/2016/2016-05/import-invoicing-currencies-in-australia.html