[计算机软件及应用]International Finance-2011summer-Lec 1-Foreign Exchange Market Overview and Exchange Rate-S.pptVIP

* * * * * * * * * * * 山东财经大学 金融学院　杨柳　制作 * Different Exchange Rates Cross Rate/套算汇率、交叉汇率： The implied third exchange rate, given two exchange rates involving three currencies 包含三种货币的两个汇率中所隐含的第三个汇率 A/B = X ; C/B = Y A/C = ? * 山东财经大学 金融学院　杨柳　制作 * Question If RMB/USD = 6.8300 and CHF/USD = 1.0604 what is the cross rate between the CHF and RMB? 1 CHF = 6.4410 RMB * 山东财经大学 金融学院　杨柳　制作 * Buying Rate and Selling Rate/银行外汇买入价和卖出价： Also known as the ‘Bid Rate’ and the ‘Ask Rate’ Bid Rate: the price at which the bank buys foreign currency Ask Rate: the price at which the bank sells for