l1 21 currency exchange rates

This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.

Decks in this class (11)

Currency Exchange Rates
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13  cards
a define an exchange rate, and distinguish between nominal and real exchange rates and spot and forward exchange rates;
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b describe functions of and participants in the foreign exchange market;
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c calculate and interpret the percentage change in a currency relative to another currency;
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d calculate and interpret currency cross-rates;
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e convert forward quotations expressed on a points basis or in percentage terms into an outright forward quotation;
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f explain the arbitrage relationship between spot rates, forward rates, and interest rates;
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g calculate and interpret a forward discount or premium;
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h calculate and interpret the forward rate consistent with the spot rate and the interest rate in each currency;
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i describe exchange rate regimes;
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j explain the effects of exchange rates on countries’ international trade and capital flows.
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l1 21 currency exchange rates

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