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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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Transcript of Question & Answer Session on 24 February 2026

24 Feb 2026 7 Speech
Transcript of Question & Answer Session, 2026 ABE Annual Forecasting Conference, Sydney
https://www.rba.gov.au/speeches/2026/sp-so-2026-02-24-q-and-a-transcript.html

Statement by Philip Lowe, Governor: Monetary Policy Decision - August 2017

1 Aug 2017 7 Media Releases
Announcement that the Board decided to leave the cash rate unchanged at 1.50 per cent.
https://www.rba.gov.au/media-releases/2017/mr-17-15.html

Statement by Glenn Stevens, Governor: Monetary Policy Decision - May 2010

4 May 2010 7 Media Releases
Announcement that the Board decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010
https://www.rba.gov.au/media-releases/2010/mr-10-07.html

7 June 2016 | Minutes of the Monetary Policy Meeting of the Board

21 Jun 2016 7 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board on 7 June 2016
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2016/2016-06-07.html

Domestic Financial Conditions

27 Nov 2018 7 SMP – November 2018
In contrast, US dollar money market rates have increased recently. The cost of raising US dollar funding and then converting these funds into Australian dollars in the foreign exchange (FX) swap ... Table 3.1 Intermediaries' Fixed and Variable Lending
https://www.rba.gov.au/publications/smp/2018/nov/domestic-financial-conditions.html

Recent Trends in Australian Banks' Bond Issuance

10 Mar 2010 7 Bulletin – March 2010
In this way, they take advantage of pricing differentials between alternative funding markets, using derivatives to manage the associated exchange rate risks. ... References. Brown A, M Davies, D Fabbro and T Hanrick (2010), ‘Recent Developments in
https://www.rba.gov.au/publications/bulletin/2010/mar/5.html

December | 2016

15 Dec 2016 7 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2016/dec/

Statement by Glenn Stevens, Governor: Monetary Policy Decision - February 2010

2 Feb 2010 7 Media Releases
Announcement that the Board decided to leave the cash rate unchanged at 3.75 per cent
https://www.rba.gov.au/media-releases/2010/mr-10-02.html

Developments in Global FX Markets and Challenges in Currency Internationalisation from an Australian Perspective

18 May 2016 7 Speech
Speech at the RMB FX Forum, Beijing
https://www.rba.gov.au/speeches/2016/sp-ag-2016-05-18.html

Challenges for Central Banking

12 Dec 2012 7 Speech
Address by Glenn Stevens to the Bank of Thailand 70th Anniversary and 3rd Policy Forum, Bangkok
https://www.rba.gov.au/speeches/2012/sp-gov-121212.html