Chapter 13 Exchange Rates and the Foreign Exchange Market 国际财务管理课件.ppt

Chapter 13 Exchange Rates and the Foreign Exchange Market Exchange rate and international transaction The foreign exchange market The demand for foreign currency assets Equilibrium in the foreign exchange market Interest rate, expectation, and equilibrium 13-1 Exchange Rate and International Transaction 13-1-1 Definition Basic concepts Foreign Exchange Exchange Rate:The price of one currency in terms of another is called an exchange rate. (base currency; quoted currency) 4、Fixed Exchange Rate Floating Exchange Rate 5、Telegraphic Transfer Rate(T/T Rate) Mail Transfer Rate(