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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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References

1 Jun 1988 7 RDP 8804
Inflation”,. Econometrica. , 1982, 50:987–1008. Friedman, M., “The Case for Flexible Exchange Rates”, in Friedman,. ... Economic Review. , Spring 1978, 20–29. Giovannini, A. and P. Jorian, “Interest Rates and Risk Premia in the Stock Market
https://www.rba.gov.au/publications/rdp/1988/8804/references.html
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Some Aspects of Monetary Policy

31 Mar 1993 7 Speech
Talk by Bernie Fraser to the Australian Business Economists (ABE), Sydney
https://www.rba.gov.au/speeches/1993/sp-gov-310393.html

From Recovery to Expansion

17 Jun 2021 7 Speech
Speech delivered by Philip Lowe, Governor, at the Australian Farm Institute Conference, Toowoomba
https://www.rba.gov.au/speeches/2021/sp-gov-2021-06-17.html

Capital Flows and Exchange Rate Determination

19 Nov 2012 7 RDP PDF 1148KB
Figure 4 shows four bilateral exchange rates of the Australian dollar and an index of relative price levels. ... It is not a straightforward matter to estimate the short-term link between interest rates and exchange rates.
https://www.rba.gov.au/publications/rdp/1989/pdf/rdp8908.pdf

Open Market Operations

30 Jun 2025
The release notes:. Total ES Balances: the previous business day’s aggregate end-of-day Exchange Settlement (ES) balances. ... For information on minimum ES balance requirements, see Interest on Exchange Settlement Balances.
https://www.rba.gov.au/mkt-operations/resources/tech-notes/open-market-operations.html

Weights for the TWI – November 2017

30 Nov 2017 7 Statistics
Weights for the TWI. Release date:. 30 November 2017. New weights for the trade-weighted index (TWI) of the Australian dollar will apply from 1 December 2017. The weights are based on the composition of Australia's merchandise goods and services
https://www.rba.gov.au/statistics/frequency/twi/twi-20171130.html

List of graphs

10 Feb 2012 7 SMP – February 2012
Graph 2.22: Japanese Effective Exchange Rates. ... Graph 4.16: Average Interest Rates on Outstanding Business Lending.
https://www.rba.gov.au/publications/smp/2012/feb/graphs.html

Domestic Financial Markets and Conditions

10 Nov 2006 7 SMP – November 2006
At the time of writing, most lenders were yet to raise rates in response to the November tightening. ... in Australia; the subsequent issuance of such offshore bonds has moved these swap rates higher (Graph 61).
https://www.rba.gov.au/publications/smp/2006/nov/dom-fin-mkts.html

Discussion on Oil Price Shocks, Monetary Policy and Stagflation | Conference – 2009

17 Aug 2009 7 Conferences
Some argue that as long as exchange rates send the appropriate signals about nominal and real macroeconomic developments, a country-centric perspective is sufficiently applicable. ... However, exchange rates do not always behave in a way that is
https://www.rba.gov.au/publications/confs/2009/kilian-disc.html

Discussion on Experiences with Current Account Deficits Among Asian Economies: Lessons for Australia? | Conference – 1994

11 Jul 1994 7 Conferences
Susan points out that using monetary policy to eliminate current account deficits wouldn't work very well for an open economy with flexible exchange rates like Australia. ... However, in an open economy with flexible exchange rates, the tighter monetary
https://www.rba.gov.au/publications/confs/1994/mishkin-disc.html