The Reserve Bank of Australia (RBA), in its latest bulletin, has mentioned in detail the exchange rate of the Australian dollar, with the key findings found below:
“The exchange rate is influenced by a number of national and international factors“.
“Two key fundamental determinants of the exchange rate are the terms of trade and the differences between interest rates Australia and the major advanced economies. “
“Since the end of the mining boom, the fall in the terms of trade and the easing of domestic monetary policy, including the recent introduction of quantitative easing measures, have contributed to the depreciation of the Australian dollar“.
“In the short term, the Australian dollar has also moved closely with prices in other international financial markets in response to changes in global risk sentiment.”
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