Search: floating exchange rate
RBA Glossary definition for floating exchange rate
floating exchange rate – Exchange rates determined by market forces based on the demand for and supply of a currency.
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Notes to and Forming Part of the Financial Statements
19 Oct 2023
RBA Annual Report
– October 2023
negative net interest income as increases in the domestic cash rate during 2022/23 resulted in the floating interest rate paid on most of the Banks liabilities, namely Exchange Settlement balances, ... The Effects of Changes in Foreign Exchange Rates.
https://www.rba.gov.au/publications/annual-reports/rba/2023/financial-statements/notes.html
International and Foreign Exchange Markets
10 Feb 2007
SMP
– February 2007
Volatility in the major exchange rates has continued to remain at low levels over the past year (Graph 22). ... The range was only slightly wider than that recorded in 2005 which was the lowest in the floating exchange rate period.
https://www.rba.gov.au/publications/smp/2007/feb/intl-fx-mkts.html
Financial Conditions
6 Feb 2024
SMP
– February 2024
Financial Conditions | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/financial-conditions.html
References
1 Nov 1990
RDP
9009
RDP 9009: An Empirical Model of Australian Interest Rates, Exchange Rates and Monetary Policy References. ... Macdonald, Ronald (1988), Floating Exchange Rates: Theories and Evidence, Unwin Hyman: London.
https://www.rba.gov.au/publications/rdp/1990/9009/references.html
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Operations in Financial Markets
27 Oct 2022
RBA Annual Report
– October 2022
These swaps do not affect the exchange rate. The Bank had A$8.6 billion in long-term swaps outstanding at the end of June 2022. ... c) In accordance with IMF guidelines, forward commitments reflect notional values of unsettled spot and forward
https://www.rba.gov.au/publications/annual-reports/rba/2022/operations-in-financial-markets.html
References
1 Sep 1991
RDP
9108
Frankel, J.A. (1979), “On the Mark: A Theory of Floating Exchange Rates Based on Real Interest Differentials”, American Economic Review, 69: 610–22. ... Meese, R. and K. Rogoff (1988), “Was It Real? The Exchange Rate-Interest Differential
https://www.rba.gov.au/publications/rdp/1991/9108/references.html
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Volatility of the Australian Dollar Exchange Rate
19 Nov 2012
RDP
PDF
525KB
It is widely argued that, ceteris paribus, interest rates should be less volatile (and exchange rates more volatile) under a floating exchange rate regime than under a relatively fixed exchange rate ... Graphs 1 and 2 illustrate this, showing the
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9010.pdf
Semi-Annual Statement on Monetary Policy
10 Nov 1998
Bulletin
– November 1998
currency pair in such a short period since the move to floating exchange rates in 1973. ... A similar pattern of short-term interest rates was evident in late August and early September as the exchange rate again fell heavily.
https://www.rba.gov.au/publications/bulletin/1998/nov/1.html
Capital Flows and Exchange Rate Determination
19 Nov 2012
RDP
PDF
1148KB
The findings of the paper are consistent with the stylised facts of the international experience of floating exchange rates. ... this relationship cannot be established econometrically, the above conclusions are reasonably standard for a country with a
https://www.rba.gov.au/publications/rdp/1989/pdf/rdp8908.pdf
3.4 Earnings, Distribution and Capital
19 Oct 2023
RBA Annual Report
– October 2023
Earnings, Distribution and Capital | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/earnings-distribution-and-capital.html