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Все вопросы
- The international Fisher effect suggests that should pound interest rates exceed US dollar interest rates: #11
- If portable disk players made in China are imported into the United States, the Chinese manufacturer is paid with #12
- Inflation in the United States and Sweden is expected to be 4 and 9 per cent, respectively, in the forthcoming year and 6 and 7 per cent, respectively, in the year following. The current spot rate for the Swedish krona is $0.1050. Based on purchasing power parity, the expected spot value for the Swedish krona in two years would be: #13
- A forward exchange contract is an agreement to exchange currencies at a … date at a pre-contracted exchange rate. Forward contracts are written by banks and trade between banks in the interbank market and are sold to bank’s clients. #14
- As with the spot market, the forward market is a decentralized, continuous open-bid double-auction market. Forward exchange trades in both outright and swap form, where the latter involves the purchase/sale and subsequent sale/purchase of a …. #15
- A forward premium on a foreign currency means that the forward value of the foreign currency … the currency’s spot value. A forward discount means the forward value is less than the spot value. #16
- If speculators are risk neutral and we ignore transaction costs, the forward exchange rate … the market’s expected future spot rate. #17
- Payoff profiles show the change in value of an asset or liability that is associated with unanticipated changes in … rates. For forward contracts, payoff profiles are upward- or downward-sloping straight lines. #18
- Swaps, which involve a double exchange – usually a spot exchange subsequently reversed by a forward exchange – are traded between banks so that individual banks can efficiently manage their foreign exchange risk. #19
- Options are also valuable to international investors and borrowers, whereas outright forwards are valuable to importers and exporters. #20