The price or value of the Australian dollar in terms of a weighted average of the currencies of Australia's trading partners

That part of the balance of payments accounts that records capital transactions with other countries

International capital flows that respond to changed political conditions in a country

In international trade transactions, the practice of accepting locally produced merchandise in lieu of money as payment for goods and services

The currency in which the price of another currency is quoted

The market for long-term borrowing or lending of large amounts of capital in the form of eurobonds: bonds denominated in currencies other that that of the market of issue

A set of accounts that summarises a country's international balance of trade and the payments to and the receipts from foreigners

The common currency for the countries that are members of the European Monetary System

The transfer of wealth out of a country by its owners, typically in response to political instability

A constant rate of exchange between currencies. Governments try to fix their exchange rates by buying or selling their currency whenever its exchange value starts to vary.

London Interbank Offered Rate. The 'prime rate' of international lending and the cheapest rate at which funds flow between international banks

economic concept that says the purchasing power of a currency should be equal in every country if goods, services, labour, capital, and other resources can flow freely between countries. However, because there are impediments to free trade, purchasing power parity conditions often do not hold. Therefore, goods often cost more in one country than in another.

The currency being traded

The risk resulting from changes in foreign exchange values that affect the return on loans or investments denominated in other currencies

The difference between the cost of the printed currency and its exchange value

Before 1971, a system of fixed currency exchange rates under which a government was obligated to intervene in the foreign exchange markets to keep the value of its currency within a narrow range

Some countries' practice of adopting the US currency as a medium of exchange

US-dollar denominated deposits held by banks located outside the United States

Either short-term money market flows motivated by differences in interest rates or long-term capital investments in a nation's real or financial assets

An international trade document that is a receipt issued to the exporter by a common carrier, which acknowledges possession of the goods described on the face of the bill; a contract between the exporter and the shipping company

The rate at which one nation's currency can be exchanged for another's at the present time

The balance of payments account that summarises foreign trade in goods and services plus investment income and gifts or grants made to other countries

The risk tied to political developments in a country that affect the return on loans or investments

A market in which parties agree to exchange a fixed amount of one currency for a fixed amount of a second currency, but actual delivery and exchange of the two currencies occurs at some time 'forward'