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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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International and Foreign Exchange Markets

10 Feb 2011 7 SMP – February 2011
The Central Bank of Chile announced that it would buy US$12 billion of foreign exchange over 2011. ... Uncertainty in the foreign exchange market continues to be reflected in above-average intraday volatility of the currency (Graph 2.17).
https://www.rba.gov.au/publications/smp/2011/feb/intl-fx-mkts.html

Review of the Term Funding Facility

24 Mar 2026
In March 2020, the Reserve Bank Board announced the Term Funding Facility (TFF) as part of a comprehensive policy package to support the Australian economy in response to the COVID-19 pandemic, at a time when wholesale funding markets had been
https://www.rba.gov.au/monetary-policy/reviews/term-funding-facility/

Economic Conditions

18 Feb 2025 7 SMP – February 2025
Economic Conditions | Statement on Monetary Policy – February 2025
https://www.rba.gov.au/publications/smp/2025/feb/economic-conditions.html

Labour Market Adjustment: Evidence on Interstate Labour Mobility

1 Feb 1998 7 RDP 9801
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1998/9801.html
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What Moves Yields in Australia?

1 Jul 1998 7 RDP 9808
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1998/9808.html
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Quarterly Report on the Economy and Financial Markets

10 Feb 1997 7 Bulletin – February 1997
This survey, like most others, was conducted largely before the most recent reduction in interest rates in December. ... Across the region growth is being encouraged by quite low real interest rates and more competitive exchange rates which have seen
https://www.rba.gov.au/publications/bulletin/1997/feb/1.html

The Role of the Exchange Rate in Monetary Policy - the Experience of Other Countries

12 Feb 2007 7 Conferences PDF 178KB
RBA Conference Volume 1993
https://www.rba.gov.au/publications/confs/1993/pdf/artis.pdf

International and Foreign Exchange Markets

10 Aug 2010 7 SMP – August 2010
The first five of these have raised rates on more than one occasion. ... With the decline in liquidity, money market rates in the euro area have risen by around 25 basis points (Graph 17).
https://www.rba.gov.au/publications/smp/2010/aug/intl-fx-mkts.html

Economic Update

3 Jul 2014 7 Speech
Speech by Glenn Stevens to The Econometric Society Australasian Meeting and the Australian Conference of Economists, Hobart
https://www.rba.gov.au/speeches/2014/sp-gov-030714.html

On Some Recent Developments in Monetary Economics

1 Aug 1986 7 RDP 8605
RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency. ... RDP 8608: Exchange Rate Regimes and the Volatility of Financial Prices: The Australian Case.
https://www.rba.gov.au/publications/rdp/1986/8605/
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