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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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Retail Payments March 2025

24 Mar 2026 7 Statistics
2.62. 0.96. Visa. 0.86. 0.78. 2.72. 0.96. Source: RBA. All levels and growth rates are seasonally adjusted, except for those relating to cards on issue. ... Historical levels and growth rates for the retail payments statistics may be revised due to the
https://www.rba.gov.au/statistics/frequency/retail-payments/2025/retail-payments-0325.html

Note 16 | Financial Statements

20 Aug 2009 7 RBA Annual Report – 2009
Foreign exchange risk is the risk that the fair value or cash flows of foreign currency assets and liabilities will fluctuate because of movements in exchange rates. ... These instruments carry no foreign exchange risk since the exchange rates at which
https://www.rba.gov.au/publications/annual-reports/rba/2009/fin-statements/note-16.html

Introduction | Conference – 2018

12 Apr 2018 7 Conferences
Brassil, Cheshire and Muscatello consider the way the RBA's policy rate is transmitted to the interest rates Australians pay on their mortgages and receive on their deposits. ... He also notes that the benefits from formal coordination are overstated and,
https://www.rba.gov.au/publications/confs/2018/introduction.html

Discussion

13 Mar 2025 7 RDP 2024-08
For simplicity, I have assumed repo rates trade at the same rate as the RBA's OMO repo. ... An uneven distribution of reserves amplifies the risk of spikes in money market rates if the banks holding most reserves are unwilling to lend them in the market.
https://www.rba.gov.au/publications/rdp/2024/2024-08/discussion.html

Inflation Targeting and the Inflation Process: Some Lessons from an Open Economy

2 Dec 2009 7 RDP PDF 271KB
JEL Classification Numbers: E52, E58 Keywords: exchange rates, inflation targeting, monetary policy. ... The third equation implies that the exchange rate appreciates in response to a rise in domestic interest rates.
https://www.rba.gov.au/publications/rdp/2002/pdf/rdp2002-01.pdf

Statement by Philip Lowe, Governor: Monetary Policy Decision - October 2022

4 Oct 2022 7 Media Releases
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent.
https://www.rba.gov.au/media-releases/2022/mr-22-33.html

The Recovery from a Very Uneven Recession

15 Oct 2020 7 Speech
Speech delivered by Philip Lowe, Governor, Citi’s 12th Annual Australia and New Zealand Investment Conference, Sydney
https://www.rba.gov.au/speeches/2020/sp-gov-2020-10-15.html

Assessing China's Merchandise Trade Data Using Mirror Statistics

17 Dec 2015 7 Bulletin – December 2015
Given their timeliness, Chinese trade data have the potential to provide a useful early read on conditions in the Australian and global traded sectors. However, the reliability of China's merchandise trade data has come under scrutiny in recent
https://www.rba.gov.au/publications/bulletin/2015/dec/3.html

Statement by Philip Lowe, Governor: Monetary Policy Decision - May 2022

3 May 2022 7 Media Releases
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 35 basis points.
https://www.rba.gov.au/media-releases/2022/mr-22-12.html

Emerging Threats to Financial Stability – New Challenges for the Next Decade

31 Oct 2023 7 Speech
Speech delivered by Brad Jones, Assistant Governor (Financial System), Australian Finance Industry Association Conference, Sydney
https://www.rba.gov.au/speeches/2023/sp-ag-2023-10-31.html