Exchange Rate declarations

An exchange rate is a method used to manage the trade of water access entitlements between trading zones. An exchange rate is a conversion that accounts for differences between water access entitlements including differences in transmission losses and changes in reliability.

The water trading rules restrict the use of exchange rates within and between regulated systems to assist in managing possible impacts on water availability for third parties. Instead, interstate entitlement trades are generally conducted in accordance with the Tagging Entitlements for Extraction in another State Protocol 2010.

We are permitted to declare an exchange rate to:

• address transmission losses or
• redress the impacts of previous exchange rate trades.

Guidance on the use of exchange rates in the Basin is available in the Guideline: Use of exchange rates

Declarations

Exchange rate trade from the Victorian Murray and South Australian Murray to the Goulburn, Campaspe and Loddon systems

We have declared the use of exchange rates valid when applied to trades of water entitlements from the Victorian Murray and South Australian Murray to the Goulburn, Campaspe and Loddon systems. This is because we are satisfied they are to redress the impacts of previous exchange rate trades.

• Declaration of Exchange Rate – Victorian Murray and South Australian Murray to the Goulburn, Campaspe and Loddon systems PDF - Word