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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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Opening Statement to House of Representatives

7 May 1998 7 Speech
Opening Statement delivered by Ian Macfarlane to the House of Representatives Standing Committee on Financial Institutions and Public Administration, Melbourne
https://www.rba.gov.au/speeches/1998/sp-gov-070598.html

The Future of Cash

15 Dec 2016 7 Bulletin – December 2016
Australian consumers have increasingly been using electronic payment methods in preference to cash for their transactions. The overall demand for cash in Australia, however, remains strong. There is ongoing demand for cash for non-transaction
https://www.rba.gov.au/publications/bulletin/2016/dec/5.html

Statement by Philip Lowe, Governor: Monetary Policy Decision - November 2020

3 Nov 2020 7 Media Releases
a reduction in the interest rate on Exchange Settlement balances to zero. ... The combination of the RBA's bond purchases and lower interest rates across the yield curve will assist the recovery by: lowering financing costs for borrowers; contributing to
https://www.rba.gov.au/media-releases/2020/mr-20-28.html

Domestic Financial Conditions

4 Feb 2021 7 SMP – February 2021
By lowering the structure of interest rates across the economy, the Reserve Bank's policy measures have contributed to a lower exchange rate than otherwise. ... However, given the lower structure of interest rates in the domestic economy associated with
https://www.rba.gov.au/publications/smp/2021/feb/domestic-financial-conditions.html

Developments in Banks' Funding Costs and Lending Rates

18 Mar 2021 7 Bulletin – March 2021
Banks' funding costs declined to historical lows over 2020, reflecting the monetary policy measures announced by the Reserve Bank.
https://www.rba.gov.au/publications/bulletin/2021/mar/developments-in-banks-funding-costs-and-lending-rates.html

A Monetary Union in Asia? Some European Lessons | Conference – 2001

24 Jul 2001 7 Conferences
Another view is that fixed-but-adjustable exchange rates do not deliver the sought-for stability. ... The first question is whether the Asian exchange rates should be allowed to float freely.
https://www.rba.gov.au/publications/confs/2001/wyplosz.html

The State of Things

9 Mar 2011 7 Speech
Address by Glenn Stevens to the Australian Business in Europe – United Kingdom Robert Walters Boardroom Series – Australialive Business Lunch
https://www.rba.gov.au/speeches/2011/sp-gov-100311.html

Shifting Currents in the Global Economy

2 Feb 2001 7 Speech
Speech by Glenn Stevens to the CEDA/Telstra Economic and Political Overview, Melbourne
https://www.rba.gov.au/speeches/2001/sp-ag-020201.html

Operations in Financial Markets

12 Apr 2020 7 RBA Annual Report – 2020
The Reserve Bank transacts in the foreign exchange market on almost every business day. ... As a result, the Bank has not intervened in the foreign exchange market since 2008.
https://www.rba.gov.au/publications/annual-reports/rba/2020/operations-in-financial-markets.html

Index of Commodity Prices July 2025

1 Aug 2025 7 Statistics
Index of Commodity Prices July 2025. Release date:. 1 August 2025. Preliminary estimates for July indicate that the index increased by 1.3 per cent (on a monthly average basis) in SDR terms, after decreasing by 0.8 per cent in June. The rural,
https://www.rba.gov.au/statistics/frequency/commodity-prices/2025/icp-0725.html