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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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Fireside Chat with Governor Michele Bullock, at the ABE Annual Dinner

27 Oct 2025 7 Speech
In a fireside chat at the at the Australian Business Economists 2025 Annual Dinner, Governor Michele Bullock sat down with Head of Economic Analysis Michael Plumb to discuss the current economic and financial outlook.
https://www.rba.gov.au/speeches/2025/sp-gov-2025-10-27.html

Fireside chat with Michele Bullock, Governor

21 Nov 2024 7 Speech
Fireside chat with Michele Bullock, Governor, at the Women in Payments Symposium, Sydney
https://www.rba.gov.au/speeches/2024/sp-gov-2024-11-21.html

Australia and Canada – Comparing Notes on Recent Experiences

19 May 2009 7 Speech
Speech by Glenn Stevens to the Canadian Australian Chamber of Commerce Breakfast, Sydney
https://www.rba.gov.au/speeches/2009/sp-gov-190509.html

Current Banking Issues

26 Sep 1996 7 Speech
Speech by Graeme Thompson to the First Pacific Stockbrokers Australasian Banking Conference, Melbourne
https://www.rba.gov.au/speeches/1996/sp-dg-260996.html

The Changing Statistical Needs of Central Banks

8 Apr 2005 7 Speech
Speech by Glenn Stevens to the Irving Fisher Committee for Financial Statistics of the International Statistical Institute (ISI), Sydney
https://www.rba.gov.au/speeches/2005/sp-dg-080405.html

The Profitability of Speculators in Currency Futures Markets

1 Sep 2004 7 RDP 2004-07
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2004/2004-07.html
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Research Discussion Papers 1991–2000

31 Dec 1991 7 RDP
Jeffrey C. Fuhrer. RDP 9811 Effective Real Exchange Rates and Irrelevant Nominal Exchange-rate Regimes. ... Philip Lowe. RDP 9203 Real Exchange Rates and the Globalisation of Financial Markets.
https://www.rba.gov.au/publications/rdp/1991-2000.html

Financial Stability in Practice: The Role of the Reserve Bank of Australia

15 Dec 2025 7 Speech
Speech delivered by Andrea Brischetto, Head of Financial Stability Department, Sydney Banking and Financial Stability Conference, Sydney
https://www.rba.gov.au/speeches/2025/sp-so-2025-12-15.html

G-20 Comparisons of Incomes and Prices: What can we Learn from the International Comparison Program? | Conference – 2002

27 May 2002 7 Conferences
It is well-known that the use of market exchange rates to translate international incomes into a common currency introduces a ‘traded-sector bias’ in comparisons of economic living standards. ... Whilst exchange rates tend to equate purchasing power
https://www.rba.gov.au/publications/confs/2002/dowrick.html

International and Foreign Exchange Markets

4 Feb 2016 7 SMP – February 2016
in monetary policy between these three regions has continued to influence exchange rates. ... although it is still treating the 4.30 pm exchange rates as the official closing prices.
https://www.rba.gov.au/publications/smp/2016/feb/international-and-foreign-exchange-markets.html