Fixed Exchange Rate Systems (HSC SSCE Economics): Flashcards
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Australia's current exchange rate system
Australia's current exchange rate system
Floating exchange rate system
Fixed exchange rate: determining authority
Fixed exchange rate: determining authority
Government or central bank
Australia's system Nov 1976 to Dec 1983
Australia's system Nov 1976 to Dec 1983
Managed flexible peg
When Australia adopted floating exchange rate
When Australia adopted floating exchange rate
December 1983 onwards
Central bank holds to support fixed rate
Central bank holds to support fixed rate
Reserves of foreign currencies and/or gold
Devaluation meaning
Devaluation meaning
Government officially lowers the exchange rate
Managed flexible peg: RBA daily pegging time
Managed flexible peg: RBA daily pegging time
9:00 am each day
China's crawling peg trading band width
China's crawling peg trading band width
2% in either direction from reference rate
China's foreign reserves peak (year & amount)
China's foreign reserves peak (year & amount)
Around 2014, approximately US$3.8 trillion
Internationalisation of the renminbi
Internationalisation of the renminbi
China reducing exchange rate intervention, allowing market influence