Chapter 5 The Foreign Exchange Market
Chapter 5 The Foreign Exchange Market
Brief introduction on FEM 中国 人民币元RMB￥ CNY ◆中国香港港元 HK S HKD ◆日本 日圆 JPY ◆泰国 泰铢 Tical THP 印度 卢比 rupee INR ◆澳大利亚澳大利亚元 AUD ◆欧洲货币联盟欧元 EUR ◆丹麦 丹麦克朗 Krona Kronor DKK ◆俄罗斯 卢布Rube SUR1 ◆英国 英镑 Pound GBP ◆美国 美元 USD
1. Brief introduction on FEM 中国 人民币元 RMB￥ CNY 中国香港 港元 HK＄ HKD 日本 日圆 JPY 泰国 泰铢 Tical THP 印度 卢比 rupee INR 澳大利亚 澳大利亚元 AUD 欧洲货币联盟 欧元 EUR 丹麦 丹麦克朗 Krona Kronor DKK 俄罗斯 卢布Ruble SUR 英国 英镑Pound GBP 美国 美元 USD
1What is the foreign exchange? The foreign exchange( Forex) includes means of payments and assets denominated in foreign currency for international settlement ◆外汇就是以外币表示的可以用作国际清算的 支付手段和资产
1.1 What is the foreign exchange? The foreign exchange（Forex）includes means of payments and assets denominated in foreign currency for international settlement. 外汇就是以外币表示的可以用作国际清算的 支付手段和资产
1. 1What is the foreign exchange? 1 foreign currencies, including bank notes and coIns, 外国货币,包括纸币、铸币; 2. payment instruments denominated in foreign currency, including bills, bank certificate of deposit and certificate of postal deposit etc 外币支付凭证,包括票据、银行存款凭证、邮政储蓄凭证 等 3 securities denominated in foreign currency, including government bonds, corporate debts and stocks etc 外币有价证券,包括政府债券、公司债券、股票等; 4. Special Drawing Rights (and European Currency Units);特别提款权、欧洲货币单位(埃居); 5. other assets denominated in foreign currency. 其他外汇资产
1.1 What is the foreign exchange? 1. foreign currencies, including bank notes and coins; 外国货币，包括纸币、铸币； 2. payment instruments denominated in foreign currency, including bills, bank certificate of deposit and certificate of postal deposit etc. 外币支付凭证，包括票据、银行存款凭证、邮政储蓄凭证 等； 3. securities denominated in foreign currency, including government bonds, corporate debts and stocks etc.; 外币有价证券，包括政府债券、公司债券、股票等； 4. Special Drawing Rights （and European Currency Units）;特别提款权、欧洲货币单位（埃居）； 5. other assets denominated in foreign currency. 其他外汇资产
1.2The Definition of Exchange Rate The price of one currency in terms of another is called the exchange rate ◆以一种货币表示的另一种货币的价格就称为汇率 When a currency increases in value, it experiences appreciation; when it falls in value, it undergoes depreciation ◆当某种货币价值上升时称为该货币升值;当某 种货币价值下跌时,称为该货币贬值
1.2 The Definition of Exchange Rate The price of one currency in terms of another is called the exchange rate. 以一种货币表示的另一种货币的价格就称为汇率。 When a currency increases in value, it experiences appreciation; when it falls in value, it undergoes depreciation. 当某种货币价值 上升时称为该货币升值；当某 种货币价值下跌时， 称为该货币贬值