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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Panel Discussion on Fifty Years of Monetary Policy: What Have We Learned? | Conference – 2010
9 Feb 2010
Conferences
for current and future exchange rates of the intervention, along with the costs and benefits of holding additional reserves. ... For those focusing on inflation, many argued that the exchange rate could serve as a shock absorber.
https://www.rba.gov.au/publications/confs/2010/cagliarini-kent-stevens-disc.html
Prospects for Output and Employment Growth with Steady Inflation | Conference – 1998
9 Jun 1998
Conferences
where H is the nominal exchange rate (the reciprocal of the TWI), M. ... Although domestic macroeconomic policy can influence the real exchange rate to some extent, it is probably fair to say that very large shifts in interest rates would be needed to
https://www.rba.gov.au/publications/confs/1998/dungey-pitchford.html
Inflation in Australia: Measurement and Modelling | Conference – 2004
9 Aug 2004
Conferences
The second part of the paper looks at the issue of exchange rate pass-through. ... Campa and Goldberg (2002) argue that the pass-through of exchange rates into import prices could also be affected by exchange rate volatility if this volatility encourages
https://www.rba.gov.au/publications/confs/2004/heath-roberts-bulman.html
What Drives Inflation in the World? | Conference – 2009
17 Aug 2009
Conferences
Second, we account for the effects of different exchange rate (ER) regimes on inflation performance. ... 0.39). Monetary and exchange rate regime. Inflation targeting. 0.063. (a). 0.004.
https://www.rba.gov.au/publications/confs/2009/calderon-schmidt-hebbel.html
Financial Stability in a Low Interest Rate Environment: An Australian Case Study | Conference – 2017
16 Mar 2017
Conferences
In addition, the capital flows attracted by higher interest rates would bid the price of domestic currency up (the exchange rate appreciates); in other words, the flows are moving the price ... Having your own monetary policy (and by implication, a
https://www.rba.gov.au/publications/confs/2017/ellis-littrell.html
Inflation, Indicators and Monetary Policy | Conference – 1992
10 Jul 1992
Conferences
Fixing the exchange rate forces more of the adjustment onto activity and inflation in the short-run. ... If monetary policy were relatively neutral, the exchange rate would tend to rise, partially offsetting the inflation pressure.
https://www.rba.gov.au/publications/confs/1992/blundell-wignall-lowe-tarditi.html
Is Monetary Policy Less Effective When Interest Rates Are Persistently Low? | Conference – 2017
16 Mar 2017
Conferences
Borio and Zabai 2016). Also we focus exclusively on domestic transmission channels, thereby excluding the effect through the exchange rate. ... It is not obvious why the exchange rate channel should be weaker, unless the link between changes in interest
https://www.rba.gov.au/publications/confs/2017/borio-hofmann.html
Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
how it sets interest rates and uses other monetary policy tools to achieve those goals.
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
The Evolving Structure of the Australian Financial System | Conference – 1996
9 Jul 1996
Conferences
to money-market rates and this means that the difference between the two is likely to be largest at the bottom of the interest rate cycle. ... Secondly, abstracting from cyclical movements, both deposit and lending rates have moved upward relative to the
https://www.rba.gov.au/publications/confs/1996/edey-gray.html
Inflation, Disinflation and the Natural Rate of Unemployment: A Dynamic Framework for Policy Analysis | Conference – 2000
24 Jul 2000
Conferences
Friedman argued that floating exchange rates would equilibrate the external sector (the fourth and fifth terms). ... 651). Numerous observers detected in the official world a ‘theological aversion to exchange rate flexibility’ (Williamson 1978).
https://www.rba.gov.au/publications/confs/2000/leeson.html