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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Summary
11 Feb 2020
DOCX
175KB
ANZ considers further analysis of these changes should be undertaken if additional adjustments to interchange rates were to be considered. ... reductions in merchant debit fee rates and three party scheme market share.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX
19 February 2020 Tony Richards Head of Payments Policy ...
19 Feb 2020
DOCX
95KB
We also act as settlement agent for many of our clients through our Exchange Settlement Account with the RBA. ... Larger merchants have benefited from lower interchange benchmarks by negotiating strategic merchant rates.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/cuscal.DOCX
REVIEW OF RETAIL PAYMENTS REGULATION: ISSUES PAPER
12 Feb 2020
DOCX
55KB
This resulted in a significant dropoff in conversion rates for our customer.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/truelayer.DOCX
Submission for the Review of Retail Payments Regulation
11 Feb 2020
DOCX
33KB
In comparison, when Sweden was making headlines[endnoteRef:3] for moving towards a cashless society, their rate was 20%.
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/liron-lightwood.DOCX