国际金融托马斯A普格尔第二章.pptxVIP

Lecture 2 The foreign exchange market;Three Significances of the foreign exchange market The foreign-exchange market is by far the largest and most liquid market in the world. It is a twenty-four hour market The market’s most widely traded currency is the dollar. ;FX market turnover (BIS); It is a twenty-four hour market;The market’s most widely traded currency is the dollar;Currency Pairs in FX Market;;10;11;;Foreign exchange quotation Direct quotation the amount of DC required to purchase one unit of FC（直接标价） Indirect quotation the amount of FC required to purchase one unit of DC（间接标价） Bid