Search: appreciation
RBA Glossary definition for appreciation
appreciation – An increase in the value of an asset. In foreign-exchange terms, it is a relative increase in the value of one currency compared to another.
Search Results
The Effect of the Mining Boom on the Australian Economy
22 Aug 2014
RDP
2014-08
The boom has contributed to a large appreciation of the Australian dollar that has weighed on other industries exposed to trade, such as manufacturing and agriculture.
https://www.rba.gov.au/publications/rdp/2014/2014-08.html
Previous Research
31 Dec 2014
RDP
2014-08
This work emphasises that a boom in commodity exports often affects the broader economy by inducing an appreciation of the real exchange rate. ... However, the appreciation also weakens the competitiveness of other exporters and of import-competing
https://www.rba.gov.au/publications/rdp/2014/2014-08/pre-res.html
Aggregate Responses
31 Dec 2014
RDP
2014-08
This means it increases with the terms of trade, and expected rates of appreciation match interest differentials. ... However, these effects are initially more than offset by the appreciation of the exchange rate (FigureĀ 5), which lowers import prices.
https://www.rba.gov.au/publications/rdp/2014/2014-08/agg-res.html
Sectoral Responses
31 Dec 2014
RDP
2014-08
The effect of strong demand is offset, to varying degrees, by the exchange rate appreciation. ... However, this effect is more than offset by the 40 per cent appreciation of the exchange rate, which makes manufacturing less competitive.
https://www.rba.gov.au/publications/rdp/2014/2014-08/sec-res.html
Conclusion
31 Dec 2014
RDP
2014-08
It has also led to large changes in relative prices, most noticeably an appreciation of the exchange rate.
https://www.rba.gov.au/publications/rdp/2014/2014-08/conclusion.html
Introduction
31 Dec 2014
RDP
2014-08
There have also been costs. The boom has led to a large appreciation of the Australian dollar that has weighed on other industries exposed to trade, such as manufacturing and agriculture.
https://www.rba.gov.au/publications/rdp/2014/2014-08/introduction.html
Appendix B: Comparisons to the Monash Model
31 Dec 2014
RDP
2014-08
Both models have appreciations in the real exchange rate that are similar to, but slightly smaller than, the increase in the terms of trade.
https://www.rba.gov.au/publications/rdp/2014/2014-08/appendix-b.html