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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Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations
1 Nov 1996
RDP
9608
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1996/9608.html
Appendix B: The Behavioural Model of the Australian Real Exchange Rate – Integration Tests and Diagnostics
1 Nov 1996
RDP
9608
τ. DF-GLS. μ. KPSS. τ. KPSS. μ. Real exchange rate. 5.48. ... Table B.4: A Comparison of the Statistical Significance of Competing Measures of Interest Rates in the Real Exchange Rate Equation.
https://www.rba.gov.au/publications/rdp/1996/9608/appendix-b.html
Appendix A: Data Sources
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations Appendix A: Data Sources. ... Real interest rates for the exchange rate section are calculated by deflating the interest rate by a corresponding measure of
https://www.rba.gov.au/publications/rdp/1996/9608/appendix-a.html
A Behavioural Model of the Australian Real Exchange Rate
1 Nov 1996
RDP
9608
the role that expectations can play in determining movements in the exchange rate. ... worth noting straight away. As expected, it is only after the floating of the Australian dollar that the exchange rate has played a role in channelling changes in real
https://www.rba.gov.au/publications/rdp/1996/9608/behavioural-model-of-the-australian-real-exchange-rate.html
Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations
1 Nov 1996
RDP
9608
Research Discussion Paper – RDP 9608 Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations.
https://www.rba.gov.au/publications/rdp/1996/9608/
The Macroeconomic Model Approach
1 Nov 1996
RDP
9608
year) interest rates are above domestic rates, the current value of the exchange rate must be below its equilibrium value. ... Furthermore, the calculation of equilibrium real exchange rates as a basis for policy depends on an analysis of whether there
https://www.rba.gov.au/publications/rdp/1996/9608/macroeconomic-model-approach.html
Conclusion
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations 5. ... jump in the exchange rate, followed by gradual adjustment towards the long run.
https://www.rba.gov.au/publications/rdp/1996/9608/conclusion.html
References
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations References. ... Isard, P. (1988), ‘Exchange Rate Modelling: An Assessment of Alternative Approaches’, in R.C.
https://www.rba.gov.au/publications/rdp/1996/9608/references.html
Appendix C: The Behavioural Model of Australian Long Bond Yields – Integration Tests and Diagnostics
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations Appendix C: The Behavioural Model of Australian Long Bond Yields – Integration Tests and Diagnostics. ... 0.029). US Real Rate. t1. 0.127. (0.67). Perfect
https://www.rba.gov.au/publications/rdp/1996/9608/appendix-c.html
Introduction
1 Nov 1996
RDP
9608
RDP 9608: Modelling the Australian Exchange Rate, Long Bond Yield and Inflationary Expectations 1. ... Their exchange rate and long bond rate equations reflect orthodox theoretical relationships; they are not estimated equations.
https://www.rba.gov.au/publications/rdp/1996/9608/introduction.html