PART 5: SPECIAL TOPICS
17-1b EXCHANGE RATE QUOTES
The Reserve Bank of Australia (RBA) publishes daily Australian dollar exchange rates with respect to
a number of currencies. These are available from the RBA website. Table 17.3 provides a snapshot
for Friday 5 June 2015. Exchange rates, though, are not published for comparing the Australian dollar
to every currency in the world. In contrast, because it is the world’s most heavily traded currency, the
exchange rates published for the US dollar are more comprehensive (as shown in Table 17.4). As we
discuss later, we can use different currency pairs to derive cross currency rates. We can use this method
to calculate Australian dollar exchange rates with currencies that are not included in the RBA exchange
rate table.TABLE 17.3 AUSTRALIAN DOLLAR EXCHANGE RATES: RESERVE BANK SNAPSHOT FOR FRIDAY 5 JUNE 2015Units of foreign currency per A$
03 Jun 2015 04 Jun 2015 05 Jun 2015
United States dollar 0.7799 0.7725 0.7699
Chinese renminbi 4.8330 4.7905 4.7791
Japanese yen 96.60 96.03 95.84
European euro 0.6978 0.6856 0.6861
South Korean won 861.48 860.33 855.47
Singapore dollar 1.0495 1.0404 1.0378
New Zealand dollar 1.0864 1.0828 1.0780
UK pound sterling 0.5073 0.5039 0.5013
Malaysian ringgit 2.8650 2.8625 2.8594
Thai baht 26.24 26.10 25.98
Indonesian rupiah 10299 10231 10234
Indian rupee 49.80 49.56 49.21
New Taiwan dollar 24.02 23.85 23.77
Vietnamese dong 17010 16848 16792
Hong Kong dollar 6.0480 5.9895 5.9685
Papua New Guinea kina 2.1222 2.1020 2.0950
Swiss franc 0.7273 0.7215 0.7187
United Arab Emirates dirham 2.8642 2.8370 2.8275
Canadian dollar 0.9665 0.9628 0.9615
Philippines peso 34.82 34.60 34.58
Trade-weighted Index (4pm) 64.6 64.1 63.9
Special Drawing Right 0.5602 0.5529 0.5463
Source: © Reserve Bank of Australia, 2001–2016. All rights reserved. http://www.rba.gov.au/statistics/frequency/exchange-rates.html