ForeignExchange  Rate
an exchange rate     between twocurrencies is the rateat which one currencywill be exchanged for  another. It is alsoregar...
FOREIGN MONEY   IS LIKE A COMMODITY WHICH CAN BE  BOUGHT AND     SOLD
PFX     DF     X    QF          X
Travel &    Foreigntourism     Trading             Foreign           investment
PFX     D1 php   D2 php                 QF                  X
PFX        Er      (exchange        rate)     sphp         D1php                          QF                          X
PFX        Er      (exchange        rate)     sphp         D1php   D2php                            QF                    ...
p   $
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H A N D O U T S F O R E I G N E X C H A N G E

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H A N D O U T S F O R E I G N E X C H A N G E

  1. 1. ForeignExchange Rate
  2. 2. an exchange rate between twocurrencies is the rateat which one currencywill be exchanged for another. It is alsoregarded as the value of one country’s currency in terms of another currency.
  3. 3. FOREIGN MONEY IS LIKE A COMMODITY WHICH CAN BE BOUGHT AND SOLD
  4. 4. PFX DF X QF X
  5. 5. Travel & Foreigntourism Trading Foreign investment
  6. 6. PFX D1 php D2 php QF X
  7. 7. PFX Er (exchange rate) sphp D1php QF X
  8. 8. PFX Er (exchange rate) sphp D1php D2php QF X
  9. 9. p $

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