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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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Financial Aggregates July 2025

29 Aug 2025 7 Statistics
Sources: ABS; APRA; RBA. All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of breaks in the series. ... Data for the levels of financial aggregates are not adjusted for series breaks, and growth rates
https://www.rba.gov.au/statistics/frequency/fin-agg/2025/fin-agg-0725.html

Research Workshop – 2007

18 Dec 2007 7 Research Workshop
The Reserve Bank of Australia 2007 research workshop, 'Monetary Policy in Open Economies'
https://www.rba.gov.au/publications/workshops/research/2007/

Unconventional Monetary Policy | Explainer | Education

10 Jul 2025
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/unconventional-monetary-policy.html

The Profitability of Speculators in Currency Futures Markets

2 Dec 2009 7 RDP PDF 142KB
JEL Classification Numbers: F31Keywords: exchange rates, futures markets, speculators. i. Table of Contents. ... 6. Like exchange rates, futures prices are volatile, with average weekly returns ofaround 1 per cent.
https://www.rba.gov.au/publications/rdp/2004/pdf/rdp2004-07.pdf

Inflation Targeting and Exchange Rate Fluctuations in Australia

1 Dec 2009 7 RDP PDF 492KB
JEL Classification Numbers: E52, E58, E61, F41Keywords: exchange rates, inflation targeting, macroeconomic model, monetary. ... a) Exchange rates (b) Interest rates. -12.00. -10.00. -8.00. -6.00. -4.00.
https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-06.pdf

Some Echoes of Melville

29 Oct 2019 7 Speech
Speech delivered by Philip Lowe, Governor, Sir Leslie Melville Lecture, Canberra
https://www.rba.gov.au/speeches/2019/sp-gov-2019-10-29.html

Domestic Financial Conditions

7 Aug 2020 7 SMP – August 2020
These very low rates reflect many alternative sources of funding for the large banks. ... This largely reflects a decline in US dollar money market rates. Graph 4.12.
https://www.rba.gov.au/publications/smp/2020/aug/domestic-financial-conditions.html

The Economic Outlook

13 Feb 2003 7 Speech
Speech by Glenn Stevens to 2003 CEDA Economic and Political Overview, Perth
https://www.rba.gov.au/speeches/2003/sp-dg-130203.html

Demographic Change, Saving and Asset Prices: Theory and Evidence | Conference – 2006

23 Jul 2006 7 Conferences
An important implication of this is that exchange rates have no role to play in our economic model. ... Focusing on euro-area economies allows us to ignore the impact of exchange rates in the MEA-OLGA model.
https://www.rba.gov.au/publications/confs/2006/borsch-supan.html

Identifying the Efficacy of Central Bank Interventions: Evidence from Australia

1 Apr 2003 7 RDP 2003-04
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2003/2003-04.html
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