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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Appendix: RBII Specification
1 Nov 1984
RDP
8403
E. exchange rate ($A/SUS). F. net Australian private capital owned by overseas residents. ... QER. synthetic variable for timing of exchange rate change 1972, 1973, 1974, 1976.
https://www.rba.gov.au/publications/rdp/1984/8403/appendix.html
Conclusion
1 Nov 1984
RDP
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In doing so, the approach has recognised the interdependence of the current and capital accounts of the balance of payments under a floating exchange rate. ... partial adjustment mechanism may be appropriate for the determination of the bond rate;.
https://www.rba.gov.au/publications/rdp/1984/8403/conclusion.html
Introduction
1 Nov 1984
RDP
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Download the Paper 633. KB. A central feature of the RBII model of the Australian economy has been its use of policy reaction functions to endogenise the exchange rate and interest ... Footnote. Previous studies have used the RBII model to investigate
https://www.rba.gov.au/publications/rdp/1984/8403/introduction.html
The Foreign Exchange Market
1 Nov 1984
RDP
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Mechanically, the procedure adopted involves alterations to three equations. The exchange rate reaction function is dropped from the model. ... 45. and β. 46. are positive, it can be seen that the exchange rate responds positively (depreciates) to rises
https://www.rba.gov.au/publications/rdp/1984/8403/the-foreign-exchange-market.html
Modelling Recent Developments in Australian Asset Markets: Some Preliminary Results
1 Nov 1984
RDP
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Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1984/8403.html
Simulation Results
1 Nov 1984
RDP
8403
From the fifth year, with income declining and the current account improving, the exchange rate appreciates in real terms. ... The average rate of depreciation of the nominal exchange rate, of 1.28 per cent per year, is 0.18 per cent per year greater
https://www.rba.gov.au/publications/rdp/1984/8403/simulation-results.html
References
1 Nov 1984
RDP
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and Trevor, R.G. (1982) “Exchange Rates and Capital Flows: A Sensitivity Analysis”. ... Canadian Journal of Economics. KRUEGER, A.O. (1983). Exchange Rate Determination. Cambridge: C.U.P.
https://www.rba.gov.au/publications/rdp/1984/8403/references.html
The Bond Market
1 Nov 1984
RDP
8403
The actual level of the bond rate, r. b. , is assumed to adjust towards. ... in principle be met by a mix of exchange market and bond market operations.
https://www.rba.gov.au/publications/rdp/1984/8403/the-bond-market.html