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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Trade Invoicing Currency and First-stage Exchange Rate Pass-through
27 Jun 2016
RDP
2016-05
Research Discussion Paper – RDP 2016-05 Trade Invoicing Currency and First-stage Exchange Rate Pass-through. ... Finally, exogenous changes in the exchange rate might have persistent effects on the goods terms of trade.
https://www.rba.gov.au/publications/rdp/2016/2016-05.html
Implications
1 Jul 2016
RDP
2016-05
RDP 2016-05: Trade Invoicing Currency and First-stage Exchange Rate Pass-through 5. ... levels of exchange rate pass-through, although there is considerable uncertainty around their estimates.
https://www.rba.gov.au/publications/rdp/2016/2016-05/implications.html
An Invoice-share-weighted Exchange Rate Index
1 Jul 2016
RDP
2016-05
RDP 2016-05: Trade Invoicing Currency and First-stage Exchange Rate Pass-through 4. ... Sources: ABS; Authors' calculations. Figure 9 compares the import trade-weighted exchange rate index to the invoice-share-weighted geometric average of the five
https://www.rba.gov.au/publications/rdp/2016/2016-05/an-invoice-share-weighted-exchange-rate-index.html
Conclusion
1 Jul 2016
RDP
2016-05
RDP 2016-05: Trade Invoicing Currency and First-stage Exchange Rate Pass-through 6. ... Download the Paper 1.10. MB. We assess how exchange rate changes affect import prices.
https://www.rba.gov.au/publications/rdp/2016/2016-05/conclusion.html
Appendix A: Robustness Checks
1 Jul 2016
RDP
2016-05
Using different measures of exchange rates does not meaningfully alter the results either (Figure A2). ... Figure A3: Results with Different Exchange Rate Weighting Methodologies. Estimated first-stage pass-through.
https://www.rba.gov.au/publications/rdp/2016/2016-05/appendix-a.html
Trade Invoicing Currency and First-stage Exchange Rate Pass-through
1 Jun 2016
RDP
2016-05
Thus, some bilateral exchange rates are more relevant for some goods than others. ... Sources: ABS; Authors' calculations. Figure 9 compares the import trade-weighted exchange rate index to the invoice-share-weighted geometric average of the five
https://www.rba.gov.au/publications/rdp/2016/2016-05/full.html
Trade Invoicing Currency and First-stage Exchange Rate Pass-through
1 Jul 2016
RDP
2016-05
Research Discussion Paper – RDP 2016-05 Trade Invoicing Currency and First-stage Exchange Rate Pass-through.
https://www.rba.gov.au/publications/rdp/2016/2016-05/sections.html
Regression Analysis
1 Jul 2016
RDP
2016-05
RDP 2016-05: Trade Invoicing Currency and First-stage Exchange Rate Pass-through 3. ... Download the Paper 1.10. MB. In this section we use a regression framework to examine the relationship between invoice currency and exchange rate pass-through.
https://www.rba.gov.au/publications/rdp/2016/2016-05/regression-analysis.html
References
1 Jul 2016
RDP
2016-05
RDP 2016-05: Trade Invoicing Currency and First-stage Exchange Rate Pass-through References. ... Chung E, M Kohler and C Lewis (2011), ‘The Exchange Rate and Consumer Prices’, RBA.
https://www.rba.gov.au/publications/rdp/2016/2016-05/references.html
Introduction
1 Jul 2016
RDP
2016-05
RDP 2016-05: Trade Invoicing Currency and First-stage Exchange Rate Pass-through 1. ... Local currency invoicing mimics desired mark-up variation in response to exchange rate changes.
https://www.rba.gov.au/publications/rdp/2016/2016-05/introduction.html