英语Equilibrium in Foreign Exchange Markets培训资料.pptVIP

International Finance;Chapter Organization;Learning Goals ;Brain Storm ;Fundamental Definitions for Exchange Rates ;Domestic and Foreign Prices If we know the exchange rate between two countries’ currencies, we can compute the price of one country’s exports in terms of the other country’s money.;;;Two types of changes in exchange rates: Depreciation （贬值）of home country’s currency A rise in the home currency prices of a foreign currency It makes home goods cheaper for foreigners and foreign goods more expensive for domestic residents. Appreciation（升值） of home country’s currency A fall in the