Unit 13 Foreign Exchange Market.docVIP

Unit13 Foreign Exchange Market the Definition of Foreign Exchange Foreign exchange refers to currency and money claims, such as bank balances and bank drafts, which is expressed in the equivalent value in foreign money. Thus, a pound sterling note is money in Great Britain, but is foreign exchange in the U. S. A deposit of $1 000 in an American bank to the account of a French company constitutes that amount of foreign exchange in France. The term foreign exchange is also used to refer to transactions involving the conversion of money of one country into that of another or to the international transfer of money and credit instruments. Foreign Exchange 外汇 Foreign exchange refers to currency and money claims, such as bank balances and bank drafts, which is expressed in the equivalent value in foreign money. 外汇是指货币以及货币债权，例如：银行往来余额，银行汇票。which is expressed in the equivalent value in foreign money. 用等价的外国货币形式表现出来的。 Currency：货币 money claims：货币债权 bank balances：银行往来余额 bank drafts：银行汇票 equivalent value：价值相等的 译文：外汇是指用等价外国货币形式表现出来的货币和货币债权，如银行往来余额和银行汇票。 Thus, a pound sterling note is money in Great Britain, but is foreign exchange in the U. S. 因此1英镑钞票在英国是货币，在美国就是外汇。 A deposit of $1 000 in an American bank to the account of a French company constitutes that amount of foreign exchange in France. 存入美国银行的法国公司账户上的1 000美元就成了同样金额的法国外汇。 Deposit in the bank Deposit to the account of sb:存入某帐户 The term foreign exchange is also used to refer to transactions involving the conversion of money of one country into that of another or to the international transfer of money and credit instruments. What is the main structure of this sentence? It is: The term foreign exchange is used to refer to transactions and the international transfer. The sentence means that: 外汇一词同样指交易或者国际间的转换。 What kind of transactions? And what kind international transfer? From sentence we can see: transctions involving the conversion of money of one country into that of another , in this sentence: converstion: means 转