This document discusses foreign exchange rates and currency management. It defines exchange rates as the rate at which one country's currency can be exchanged for another's. Exchange rates can be floating, fixed, or a mixed system. It also discusses forward rates, discounts, premiums, and methods for managing exchange rate risk such as hedging and forward contracts. Causes of short-term exchange rate changes include investment and trade flows, while long-term factors include purchasing power parity and interest rate parity theories.
presentation slides on international funds flow prepared by the group members in a new way thanks guys for providing such a beneficial, knowledgeable slides.
In this power Point Presentation i will discuss about the Risk and Different types of Risk. when a Investor invest in a security than what type of Risk he have from the Security.
foreign direct investment
,
the direction of fdi
,
the source of fdi
,
why foreign direct investment
,
the form of fdi: acquisitions versus greenfield i
,
foreign direct investment in the world economy
,
trends in fdi
,
theories of foreign direct investment
,
the radical view
,
benefits and costs of fdi
presentation slides on international funds flow prepared by the group members in a new way thanks guys for providing such a beneficial, knowledgeable slides.
In this power Point Presentation i will discuss about the Risk and Different types of Risk. when a Investor invest in a security than what type of Risk he have from the Security.
foreign direct investment
,
the direction of fdi
,
the source of fdi
,
why foreign direct investment
,
the form of fdi: acquisitions versus greenfield i
,
foreign direct investment in the world economy
,
trends in fdi
,
theories of foreign direct investment
,
the radical view
,
benefits and costs of fdi
This presentation covers foreign exchange risk definition, types, management and measurement. Hedging tools and techniques; both internal and external are also discussed.
explain about techniques for hedging transaction exposure, how to used hedge future, option, money market for payable and receivable, comparing techniques for hedging vs not-hedging
Discussion on Fisher's Theory and it's effect on money supply.
The Fisher effect is an economic theory that describes the relationship between inflation and both real and nominal interest rates. The Fisher effect states that the real interest rate equals the nominal interest rate minus the expected inflation rate.
Visit us on www.norrenberger.com for more insight.
Currency exchange and risk management - International Business - Manu Melwin Joymanumelwin
Transaction risk - This type of risk is primarily associated with imports and exports. If a company exports goods on credit then it has a figure for debtors in its accounts. The amount it will finally receive depends on the foreign exchange movement from the transaction date to the settlement date.
this chapter we are going to explain key, components of the BoP, and explain how the international flow of funds is influenced by economic factors and other factors
This presentation covers foreign exchange risk definition, types, management and measurement. Hedging tools and techniques; both internal and external are also discussed.
explain about techniques for hedging transaction exposure, how to used hedge future, option, money market for payable and receivable, comparing techniques for hedging vs not-hedging
Discussion on Fisher's Theory and it's effect on money supply.
The Fisher effect is an economic theory that describes the relationship between inflation and both real and nominal interest rates. The Fisher effect states that the real interest rate equals the nominal interest rate minus the expected inflation rate.
Visit us on www.norrenberger.com for more insight.
Currency exchange and risk management - International Business - Manu Melwin Joymanumelwin
Transaction risk - This type of risk is primarily associated with imports and exports. If a company exports goods on credit then it has a figure for debtors in its accounts. The amount it will finally receive depends on the foreign exchange movement from the transaction date to the settlement date.
this chapter we are going to explain key, components of the BoP, and explain how the international flow of funds is influenced by economic factors and other factors
This ppt covers Foreign exchange rate Fluctuation in this the topics covered are Appreciation (or strengthening) of a currency, Spot transaction-Spot rate, forward market, forward transaction, currency option, currency swap, Exposure, Transaction exposure, forward exchange contract, Accounting treatment of forward contract
Subscribe to Vision Academy for Video assistance
https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
Used for MBA professional accounting class room presentation and it includes FASB rules and forex currency dealings details for purchase and sale of goods and services with foreign party.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
2. Exchange Rate
This is the rate at which the currency of one
country would change hands with currency of
another country.
E.g. $1 = SLR 130
Types of Exchange Rate
1. Floating Rate
This rate depends on a levels of the
international trade of a country and it does
not interfere with the government of that
country.
3. 2. Fixed Rate
This is the rate that the government of the
country would set its own currency rate and it
is not depending on the market rate.
3. Dirty Float
This is the rate that mixed between floating
rate and fixed rate system. This is where the
government would allow exchange rate to
float between a particular two limits. If it goes
outside either of the limit, then the
government would take further action.
4. Forex Dealings
1. Bid Price
The price at which the currency is bought
by the dealer.
2. Offer Price
The price at which the currency is sold by
the dealer.
When regarding the forex dealings,
Offer Price > Bid Price
5. Example 01:
David is a UK businessman. He needs $ 400,000
to buy US equipment.
Identify the amount of £ required to buy the
Dollars? ($/£ 1.75 - 1.77)
Answer:
The amount of £ required = $ 400,000
$/£ 1.75
= £ 228571.43
6. Example 02:
James is a US businessman. He has just received
a payment of £ 150,000 from his main customer
in UK.
Identify the amount of $ received by James
when £ 150,000 are given? (£/$ 0.61 – 0.63)
Answer:
The amount of $ received = £ 150,000
£/$ 0.63
= $ 238095.24
7. Spot Rate and Forward Rate
Spot Rate
This is the rate which is applicable for the
immediate delivery of currency as at now.
Forward Rate
This is a rate that set for the future
transaction for a fixed amount of currency.
The transaction would take place on the
future date at this agreed rate by disregarding
the market rate.
8. Discounts & Premiums
Discounts
If the forward rate which is quoted cheaper,
then it is set to be quoted at a discount.
E.g. $/£ current spot is 1.8500-1.8800 and the
one month forward rate at 0.0008-0.0012 at a
discount.
Answer:
1.8500-1.8800
+ 0.0008-0.0012
= 1.8508-1.8812
When quoted at a discount,
their should be more Dollars
being received at a given Pound.
So the discount factor have to
be added to the spot rate.
9. Premiums
If the forward rate which is quoted more
expensively, then it is set to be quoted at a
premium.
E.g. $/£ current spot is 1.9000-1.9300 and the
one month forward rate at 0.0010-0.0007 at a
premium.
Answer:
1.9000-1.9300
- 0.0010-0.0007
= 1.8990-1.9293
When quoted at a premium,
their should be less Dollars being
received at a given Pound because
of the expensiveness of Dollars. So
the premium factor have to be
deducted from the spot rate.
10. Foreign Exchange Rate Risks
1. Transaction Risk
This is the risk that adverse exchange rate
movement occurring in the cause of normal
international trading transaction. This arises
when the prices of imports or exports are
fixed in foreign currency terms and there is a
movement in the exchange rate between the
date when the price is agreed and when the
cash is paid or received.
11. 2. Translation Risk
This is the risk that the organization will
made exchange losses when the accounting
results of its foreign branches or subsidiaries
translated into the local currency.
3. Economic Risk
This is the risk that suppose to a effect of
exchange rate movements on the
international competitiveness of the
company.
12. 4. Direct & Indirect Currency Quotes
Direct Quote:
This means the exchange rate is mentioned in
terms of the amount of domestic currency
which needs to be given in returns for one unit
of foreign currency.
E.g. SLR 130 for $1
Indirect Quote:
This means the amount of foreign currency
units that needs to be given to obtain one unit
of domestic currency.
E.g. $ 1/130 for SLR 1
13. Example 01
ABC Ltd is a US company, buying goods from
Sri Lanka which cost SLR 200,000. These goods
are resold in the US for $2000 at the time of
the import purchased. The current spot rate is
$1 = SLR 126-130.
Calculate the expected profit of the resale in
terms of US Dollars using both direct & indirect
quote methods.
15. Managing the Exchange Rate Risk
1. Invoicing in domestic currency
Since the exporter does not have to do any
currency transaction in this method, the risk of
currency conversion is transferred to the
importer or vice versa.
2. Money Market Hedging
Because of the close relationship between
forward exchange rate and the interest rate in
two currencies, it is possible to calculate a
forward rate by using the spot exchange rate
and money market lending or borrowing which
is called as a money market hedge.
16. 3. Entering into Forward Exchange Rate Contracts
A person can enter into an agreement with a
bank to purchase the foreign currency on the
fixed date at a fixed rate.
4. Matching receipts & payments
Under this method a company can set off its
payments against its receipts in that particular
currency.
5. Options
These are similar to forward trade agreements,
but the consumer can choose between the
bank’s rate and the market rate.
17. Example 01
A Sri Lankan company has to settle $800,000
after three months time. The current spot rate is
$1 = SLR 126-130. The foreign currency depositing
interest rate is 12%per annum and the borrowing
rate in Sri Lanka is 8% per annum. The agreed
exchange rate with the bank is $1 = SLR128.
The company has identified to overcome the
exchange rate under Money Market Hedging &
Forward Exchange Rate Contract methods.
Identify the cheapest method to overcome the
exchange rate risk.
19. 2.) Using Forward Exchange Rate Contract Method
Total Cost (SLR) = $ 800,000*SLR128/$1
= $102,400,000
The best method is forward Exchange Rate
Contract Method, because it gives the lowest total
cost when compare to Money Market Hedging
Method.
20. Reasons for Short Term Changes of Exchange Rate
1. Investment Flows
If a country does more investment to outside
countries, then there would be a higher
demand for foreign currency. Therefore the
domestic will depreciated or vice versa.
2. Trade Flows
In a given time if a country has more imports
and less exports, the domestic currency will
depreciated, because of the higher demand for
the foreign currency or vice versa.
21. 3. Economic Prospectus
If a country has good economic policies and
is showing shines of economic growth, it
could receive more investment and
therefore the domestic currency would
appreciated.
22. Reasons for Long Term Changes of Exchange Rate
1. Purchasing Power Parity Theory
This theory describes how the differences in
inflation rate among two countries would lead
to changes in the exchange rates.
Future Rate(A/B)=Spot Rate(A/B) * (1+ Inflation Rate of A)
(1 +Inflation Rate of B)
2. Interest Rate Parity Theory
This theory links the future currency rates with
differences in interest rate among two
countries.
Future Rate(A/B)=Spot Rate(A/B) * (1+ Interest Rate of A)
(1 +Interest Rate of B)
23. 3. Monetarist Theory
This theory identifies the relationship between
exchange rate and the government money
supply to an economy of one country.
E.g. When the government released more money
to their economy, individual would have more
money. So they would purchased more, the
demand will increased & through that result in
higher prices & high inflation.
This would lead to a high level of depreciation
to the currency.
24. 4. Keynesian Approach
This theory says that an exchange rate may not
change in a balance and sometimes currency
may continuously appreciate or depreciate
without reverse.
E.g. There is a high taste & demand for imported
product in one country while their exports are
losing its export position in other countries.
Therefore, without any appreciation of
currency will continuously depreciate over a
long time period in that country.