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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International and Foreign Exchange Markets
7 Feb 2006
SMP
– February 2006
It is not surprising, therefore, that there remains intense interest in global financial markets in Chinese exchange rate arrangements. ... This reflected the slightly softer exchange rate and the reduced imperative to add further to reserves given the
https://www.rba.gov.au/publications/smp/2006/feb/intl-fx-mkts.html
Discussion on Papers by Charles Wyplosz and Andrew Coleman | Conference – 2001
24 Jul 2001
Conferences
I think it is probably true to say that real exchange rates are more volatile, and ‘unreasonably’ so, for floating exchange rate economies than for regions within currency unions. ... Past research has struggled to show that exchange rate volatility
https://www.rba.gov.au/publications/confs/2001/wyplosz-coleman-disc.html
The Balance of Payments | Conference – 1990
21 Jun 1990
Conferences
With flexible exchange rates, capital mobility and static exchange rate expectations, both the nominal and real exchange rate will appreciate. ... Macfarlane and Tease (1989) find that policy reaction to exchange rate changes makes it difficult to
https://www.rba.gov.au/publications/confs/1990/tease.html
International and Foreign Exchange Markets
10 May 2007
SMP
– May 2007
Delinquency rates among prime borrowers and those with fixed-rate loans have remained little changed. ... As noted in the chapter on ‘Domestic Economic Conditions’, Australia's terms of trade have risen to their highest level since the 1950s,
https://www.rba.gov.au/publications/smp/2007/may/intl-fx-mkts.html
The Real Exchange Rate in Sticky Price Models: Does Investment Matter?
2 Dec 2008
Research Workshop
PDF
436KB
Reserve Bank of Australia Workshop 2008: Monetary Policy in Open Economies
https://www.rba.gov.au/publications/workshops/research/2008/sondergaard.pdf
International and Foreign Exchange Markets
10 May 2006
SMP
– May 2006
The policy interest rate changes announced by major central banks in recent months have not had much impact on exchange rates between the major currencies. ... authorities. Asian exchange rates generally have risen modestly against the US dollar recently,
https://www.rba.gov.au/publications/smp/2006/may/intl-fx-mkts.html
International and Foreign Exchange Markets
10 Nov 2007
SMP
– November 2007
On a trade-weighted basis, the nominal exchange rate is at its lowest level in over thirty years, and the real exchange rate is only slightly above its 1995 trough ... Similarly, risk reversals, which provide a measure of the market's expectations of the
https://www.rba.gov.au/publications/smp/2007/nov/intl-fx-mkts.html
A Perspective | Conference – 1993
12 Jul 1993
Conferences
Short run. Medium-run adjusted exchange rate. Short-run foreign and domestic interest rates. ... They mention that the real exchange rate is an integrated variable so that PPP is not a sufficient story for exchange rates.
https://www.rba.gov.au/publications/confs/1993/pagan.html
Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997
21 Jul 1997
Conferences
World prices are exogenous to a small economy like Australia, but the exchange rate is not. ... The appreciation of the nominal exchange rate induced by higher local interest rates also directly lowers inflation by reducing the Australian dollar price of
https://www.rba.gov.au/publications/confs/1997/de-brouwer-oregan.html
Discussion on The Case for Inflation Targeting in East Asian Countries | Conference – 2001
24 Jul 2001
Conferences
The increases in interest rates needed to defend the exchange rate generated an undershooting of the inflation target. ... References. Eichengreen B and R Hausmann (1999), ‘Exchange Rates and Financial Fragility’, NBER Working Paper No 7418.
https://www.rba.gov.au/publications/confs/2001/debelle-disc.html