Search: exchange rates

Sort by: Relevance Date
1–8 of 8 collapsed search results for 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

The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data

1 Apr 2005 RDP 2005-02
Jonathan Kearns and Phil Manners
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2005/2005-02.html

Results

31 Dec 2005 RDP 2005-02
Jonathan Kearns and Phil Manners
The point estimates are also similar in magnitude to the 1.2 for the deutschemark/euro exchange rate response to changes in US interest rates contained in Faust, Rogers, Wang and ... change in a large country's interest rate on the bilateral exchange
https://www.rba.gov.au/publications/rdp/2005/2005-02/results.html

Introduction

31 Dec 2005 RDP 2005-02
Jonathan Kearns and Phil Manners
But they only study surprises in US interest rates, and so the exchange rate responses are potentially clouded by anticipated changes in foreign interest rates. ... A related literature has attempted to consider the longer-run impact of interest rates on
https://www.rba.gov.au/publications/rdp/2005/2005-02/introduction.html

The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data

1 Apr 2005 RDP 2005-02
Jonathan Kearns and Phil Manners
Research Discussion Paper – RDP 2005-02 The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data.
https://www.rba.gov.au/publications/rdp/2005/2005-02/

The Estimation Framework

31 Dec 2005 RDP 2005-02
Jonathan Kearns and Phil Manners
Given that changes in exchange rates are not autocorrelated, this means that the event window will not contain exchange rate movements that influenced the policy decision. ... The daily market interest rates may be affected by other events or an
https://www.rba.gov.au/publications/rdp/2005/2005-02/estimation-framework.html

Conclusions

31 Dec 2005 RDP 2005-02
Jonathan Kearns and Phil Manners
A 100 basis point (25 basis point) increase in current and future policy interest rates is found to appreciate the exchange rate by around 1.7 per cent (0.4 per ... the exchange rate by just 0.9 per cent (0.2 per cent).
https://www.rba.gov.au/publications/rdp/2005/2005-02/conclusions.html

Appendix A: Data Description and Sources

31 Dec 2005 RDP 2005-02
Jonathan Kearns and Phil Manners
RDP 2005-02: The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data Appendix A: Data Description and Sources. ... th. of month. 3. rd. Thursday. Exchange rates. RBA/Reuters, 10-minute intervals, midpoint of 2 closest quotes.
https://www.rba.gov.au/publications/rdp/2005/2005-02/appendix-a.html

References

31 Dec 2005 RDP 2005-02
Jonathan Kearns and Phil Manners
RDP 2005-02: The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data References. ... Zettelmeyer J (2004), ‘The impact of monetary policy on the exchange rate: evidence from three small open economies’,.
https://www.rba.gov.au/publications/rdp/2005/2005-02/references.html