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C2. Foreign Exchange Rates (Factors affecting ER?? (inflation, interest,…
C2. Foreign Exchange Rates
Definition
the price of one unit of currency against the other
ER quotation: Yết tỷ giá
Base curency (đồng tiền yết giá), counter currency (đồng tiền định giá, bid-ask spread = Ask-Bid
note: which time? which location?
symbols
methods
direct (quan điểm đồng ngoại tệ) 1 ngoại tệ bằng x nội tệ
indirect 1 nội tệ bằng x ngoại tệ
Types of ER
thuộc mqh của tỷ giá vs thời gian
opening rate~the trading date/the first trade in the date
closing rate~...
high rate~ the highest rate in trading rate
transfer rate~be made through money transfer
low rate
time
spot rate - tỷ giá giao ngay
particular moment/within 2 working days
forwarding rate
FR>SR-> premium
thuộc chế độ quản lý ngoại hối
official rate~central bank
market rate~demand n supply
4
nominal rate~domestic price of foreign country???
real rate???
Determining cross rates
Factors affecting ER??
inflation
interest
balance of payment
political and economic factors
central bank intervention
future-unexpectation