国际金融英文版CH.pptVIP

Chapter 3Foreign Exchange Market and Foreign Exchange Rate第一页，共四十九页。 Foreign Exchange MarketForeign exchange is another country’s money. The dynamic meaning of the foreign exchange refers to the act of trading different country’s currencies.Convertibility means a currency can be freely exchanged for another currency. This is the most important characteristic of the foreign exchange.第二页，共四十九页。 Foreign exchange rate is the price of one currency in terms of another.Foreign exchange market is the place where currencies are bought and sold.The foreign exchange market is by far the largest financia