外汇交叩易市场.pptVIP

外汇交易市场;Key terms;Key terms;11.1 Introduction;/fred2/categories/15 ; (2007年12月10日美元汇率）;11.2 Functions of the exchange rate markets; 2. A second function of foreign exchange markets is the credit function. Credit is usu. needed when goods are in transit and also to allow the buyers’ time to resell the goods and make the payment. In general, exporters allow 90 days for the importers to pay.; 3. Another function of foreign exchange markets is to provide the facilities for hedging and speculation (discussed in section 11.9). Today, about 90 percent of foreign exchange trading reflects pur