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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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Domestic Financial Markets and Conditions

10 Nov 2007 7 SMP – November 2007
market. Short-term market interest rates in Australia rose substantially in the weeks following the last Statement. ... Short-term interest rates fell back in mid September as conditions in overseas credit markets began to improve.
https://www.rba.gov.au/publications/smp/2007/nov/dom-fin-mkts.html

Earnings and Distribution

16 Oct 2015 7 RBA Annual Report – 2015
Valuation gains and losses result from fluctuations in the value of the Reserve Bank's assets, in response to movements in exchange rates or in yields on securities. ... Experience shows that valuation gains and losses are volatile, as both exchange
https://www.rba.gov.au/publications/annual-reports/rba/2015/earnings-and-distribution.html

The Labour Market and Monetary Policy

8 Jul 2021 7 Speech
Speech delivered by Philip Lowe, Governor, Economic Society of Australia (QLD), Online
https://www.rba.gov.au/speeches/2021/sp-gov-2021-07-08.html

Overview

9 May 2016 7 SMP – May 2016
Changes in expectations about the course of the monetary policies of the major central banks have been reflected in exchange rates and financial market prices more generally. ... GDP growth is expected to strengthen gradually to an above-trend rate,
https://www.rba.gov.au/publications/smp/2016/may/overview.html

Earnings, Distribution and Capital

21 Oct 2021 7 RBA Annual Report – 2021
Valuation gains and losses result from fluctuations in the value of the Reserve Bank's assets because of movements in exchange rates or changes in the market yields on securities held ... Valuation gains and losses are volatile, as both exchange rates
https://www.rba.gov.au/publications/annual-reports/rba/2021/earnings-distribution-and-capital.html

Operations in Financial Markets

3 Aug 1999 7 RBA Annual Report – 1999
The Japanese yen also strengthened markedly at the same time (including a rise of 15 per cent in the space of 30 hours) as did the exchange rates of most other ... In extreme cases, such instances of ‘overshooting’, which are exhibited by most
https://www.rba.gov.au/publications/annual-reports/rba/1999/oper-fin-mkts.html

Australia and the World Economy

26 Jun 2023 7 RBA Annual Report – 1976
manipulation of exchange rates. ... 4 Exchange Rates. PERCENTAGE CHANGE FROM JUNE 1971 PARITY WITH SDR.
https://www.rba.gov.au/publications/annual-reports/rba/1976/australia-and-the-world-economy.html

Results

31 Dec 2014 7 RDP 2014-12
To the extent that commodity prices and exchange rates are observable, it should be possible to deflate export and import values accurately. ... However, if prices and exchange rates are volatile, imposing appropriate deflators is more difficult,
https://www.rba.gov.au/publications/rdp/2014/2014-12/results.html
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18 March 2020 | Minutes of the Monetary Policy Meeting of the Board

31 Mar 2020 7 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 18 March 2020
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-03-18.html

References

1 Oct 1996 7 RDP 9604
9007. Fahrer, J. and L. Shori (1990), ‘ An Empirical Model of Australian Interest Rates, Exchange Rates and Monetary Policy’, Reserve Bank of Australia Research Discussion Paper No. ... 86–123. Tarditi, A. (1995), ‘Australian Exchange Rates, Long
https://www.rba.gov.au/publications/rdp/1996/9604/references.html
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