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RBA Glossary definition for floating exchange rate

floating exchange rate – Exchange rates determined by market forces based on the demand for and supply of a currency.

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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

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