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.
Search Results
Real Exchange Rates and the Globalisation of Financial Markets
31 Jan 2006
RDP
PDF
669KB
One reason often advanced for this is that real exchange rates take time to revert towards equilibrium, so that choice of a similarly long-term interest rate (which is the average ... In contrast to other studies then, three of the four real exchange
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9203.pdf
The Impact of Real and Nominal Shocks on Australian Real Exchange Rates
31 Jan 2006
RDP
PDF
634KB
Using time series techniques together with restrictions derived from standard models of real exchange rate determination, the importance of real and nominal shocks to the real exchange rates are analysed. ... This clouds the interpretation of the results
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9201.pdf
Risk Premia, Market Efficiency and the Exchange Rate: Some Evidence since the Float
19 Nov 2012
RDP
PDF
661KB
RISK PREMIA, MARKET ErriCIENCY AND THE EXCHANGE RATE: SOME EVIDENCE SINCE THE rLOAT. ... exchange rate system. The introduction of a floating exchange rate system in 2.
https://www.rba.gov.au/publications/rdp/1986/pdf/rdp8603.pdf
The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data
5 May 2005
RDP
PDF
158KB
But they only study surprises inUS interest rates, and so the exchange rate responses are potentially clouded byanticipated changes in foreign interest rates. ... A related literature has attempted toconsider the longer-run impact of interest rates on
https://www.rba.gov.au/publications/rdp/2005/pdf/rdp2005-02.pdf
Is Pitchford Right? Current Account Adjustment, Exchange Rate Dynamics and Macroeconomic Policy
19 Nov 2012
RDP
PDF
954KB
ii. IS PITCHFORD RIGHT? CURRENT ACCOUNT ADJUSTMENT,. EXCHANGE RATE DYNAMICS. AND MACROECONOMIC POLICY. ... 31. determination of nominal exchange rates affect the adjustment. path for the real exchange rate, and hence the current account.
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9001.pdf
Alternative Concepts of the Real Exchange Rate: A Reconciliation
30 Nov 2009
RDP
PDF
117KB
4.2 Australia's Real Exchange Rate 14. 4.3 International Comparisons 184.3.1 Secular Movements in Domestic Relative Prices 184.3.2 Real Exchange Rates and the Terms of ... THE THEORY OF REAL EXCHANGE RATES. The "conventional" real exchange rate is based
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9309.pdf
Wage Contracts, Sticky Prices and Exchange Rate Volatility: Evidence from Nine Industrial Countries
19 Nov 2012
RDP
PDF
906KB
Recall that e0 decreases when the variance of nominal exchange rate innovations increases. ... Mussa, Michael (1986), "Nominal Exchange Rate Regimes and the Behavior of Real Exchange Rates": Some Evidence and Implications", in Karl Brunner and Alan H.
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9006.pdf
Real Exchange Rates and Australian Export Competitiveness
19 Nov 2012
RDP
PDF
1121KB
7 Maciejewski (1983) shows that a nominal exchange rate index adjusted for inflation differentials is equivalent to an index of real exchange rates. ... 12. The ABARE real exchange rate index is an aritlunetic average of CPis, adjusted for exchange rates.
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9005.pdf
Australia’s Medium-run Exchange Rate: A Macroeconomic Balance Approach
2 Dec 2009
RDP
PDF
217KB
Short-run movements can reflect changes in ‘market equilibrium rates’, that is, the exchange rate that balances demand and supply in the foreign exchange market. ... With our disaggregated approach to modelling the trade balance, we have multiple
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-03.pdf
Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations
1 Dec 2009
RDP
PDF
170KB
interest rates are above domestic rates, thecurrent value of the exchange rate must be below its equilibrium value. ... 5. exchange rate misalignments. Furthermore, the calculation of equilibrium realexchange rates as a basis for policy depends on an
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9608.pdf