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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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8 July 2025 | Minutes of the Monetary Policy Board Meeting

22 Jul 2025 7 Minutes
Minutes of the Monetary Policy Board meeting for 8 July 2025
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2025/2025-07-08.html

Central Bank Market Operations

28 Aug 2007 7 Speech
Speech by Ric Battellino to Retail Financial Services Forum, Shangri-La Hotel, Sydney
https://www.rba.gov.au/speeches/2007/sp-dg-280807.html

Research Discussion Papers – 1992

31 Dec 1992 7 RDP
Philip Lowe. RDP 9203 Real Exchange Rates and the Globalisation of Financial Markets. ... Jerome Fahrer and Thomas Rohling. RDP 9201 The Impact of Real and Nominal Shocks on Australian Real Exchange Rates.
https://www.rba.gov.au/publications/rdp/1992/

Recent Developments in Inflation and the Economic Outlook

24 Feb 2026 7 Speech
Speech delivered by Michael Plumb, Head of Economic Analysis Department, 2026 ABE Annual Forecasting Conference, Sydney
https://www.rba.gov.au/speeches/2026/sp-so-2026-02-24.html

Australian Monetary Policy in the Last Quarter of the Twentieth Century

15 Sep 1998 7 Speech
Shann Memorial Lecture by Ian Macfarlane to the University of Western Australia, Perth
https://www.rba.gov.au/speeches/1998/sp-gov-150998.html

What the Campbell Committee Expected | Conference – 1991

21 Jun 1991 7 Conferences
It is yet to be seen whether the Committee's framework dealt adequately with the impact of the volatility of interest rates and exchange rates on the stability of the financial ... A low volatility of financial variables such as interest rates and
https://www.rba.gov.au/publications/confs/1991/valentine.html

Domestic Financial Conditions

5 Nov 2020 7 SMP – November 2020
Together, these measures will further lower the structure of interest rates in Australia. ... Graph 4.22. Table 4.1: Average Outstanding Housing Rates. September 2020. Interest rate.
https://www.rba.gov.au/publications/smp/2020/nov/domestic-financial-conditions.html

Managing Two Transitions

18 May 2015 7 Speech
Speech by Philip Lowe, Deputy Governor, at the Corporate Finance Forum, Sydney
https://www.rba.gov.au/speeches/2015/sp-dg-2015-05-18.html

Trends in Global Foreign Currency Reserves

15 Sep 2017 7 Bulletin – September 2017
Over the decade to 2014, global foreign currency reserves doubled relative to GDP, though balances have declined a little since then. Accompanying this growth has been a shift in the composition of reserves towards higher-yielding assets, including
https://www.rba.gov.au/publications/bulletin/2017/sep/9.html

Is There a Currency Bloc in the Pacific? | Conference – 1993

12 Jul 1993 7 Conferences
4.1 Stabilisation of Exchange Rates within the Blocs. Consider bilateral exchange rate variability, computed in Table 5. ... Table 5: Mean Volatility of Monthly Bilateral Exchange Rates. (standard deviation of the first difference of the logs).
https://www.rba.gov.au/publications/confs/1993/frankel.html