The document discusses foreign exchange markets. It provides information on:
1) The foreign exchange market is a global network that allows currencies to be exchanged. Exchange rates are the prices of currencies relative to each other, such as $1 = Rs. 48.50.
2) Arbitrage is the process of exploiting price differences between markets. If exchange rates differ, arbitragers can buy currency where it's cheaper and immediately sell it where it's more expensive.
3) Foreign exchange transactions involve converting one currency to another and carry exchange rate risk if rates change before settlement. Transactions are settled through payment systems like nostro/vostro accounts and SWIFT.
Unit 2.2 Exchange Rate Quotations & Forex MarketsCharu Rastogi
This presentation deals with exchange rate quotations, common currency symbols, direct and indirect quotes, American terms, European terms, cross rates, Bid and Ask rates, Mid rate, Spread and its determinants, Spot markets, Forward Markets, Premium and Discounts, various practices of writing quotations, calculating broken period forward rates, Speculation and arbitrage, Forex futures and Currency Options.
Unit 2.2 Exchange Rate Quotations & Forex MarketsCharu Rastogi
This presentation deals with exchange rate quotations, common currency symbols, direct and indirect quotes, American terms, European terms, cross rates, Bid and Ask rates, Mid rate, Spread and its determinants, Spot markets, Forward Markets, Premium and Discounts, various practices of writing quotations, calculating broken period forward rates, Speculation and arbitrage, Forex futures and Currency Options.
International movements-meaning-Export & import of merchandise & services-International investment-International Payments, Rate of exchange, Economic integration
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
1. FOREIGN EXCHANGE If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them. —Henry David Thoreau PRESENTED BY: ASHISH MAKHIJA PGD/FM/026
2. FOREX Foreign currency. The Foreign Exchange Market: a market for converting the currency of one country into that of another country. Price of each currency is determined in term of other currencies.
3.
4. The Exchange Rate: is the price of one country's currency expressed in another country's currency. In other words, the rate at which one currency can be exchanged for another. e.g. Rs. 48.50 per one USD
22. Made $2.5 M profit from this exchange rate movement !The short term movement of funds from one currency to another. In the hopes of profiting from shifts in exchange rates.
23. REDUCING RISKS. The foreign exchange market can be used to provide insurance to protect against foreign exchange risk.. Spot exchange rate : The rate at which a foreign exchange dealer converts one currency into another currency on a particular day. Spot ex rate depends upon S&D.
24. Forward Exchange Rate: Two parties agree to exchange currencies on a specific future date @ predetermined exchange rate. US co. imports laptops from India Must pay in 30 days on the arrival of the shipment Cost : Rs70,000 at $1=Rs50 ex. Rate 70,000/50 = $ 1400 / laptop He can sell at $1600 $1400-$1600 = $200 / laptop profit He doesn’t have money to pay Until he sells the laptop What If $ depreciates in next 30 days ? $1 = Rs42 US co still have to pay Rs70,000/laptop Now cost: 70,000/42= $1,667 He sell at $1600 $1667-1600 = $ -67 loss
25. What if the US co. enter a forward exchange rate? 30 day forward ex. Rate @ $1 = $45 Guarantee that he pays no more than 70,000/45 = $1555.5 Now he sell the laptop at $1600 Makes $1600-$1555.5=$44.5 profit This profit is guaranteed. Insured against unexpected change in $/Rs ex. Rate
26. Spot rate @ $1=Rs 50 vs. Forward rate @ $1=Rs 45 The difference : reflects the expectations of future currency movements. You can buy more Rs at spot rate than the forward rate. $ is selling at a ‘discount’ on the 30 day forward market Indicates $ expected to ‘depreciate’ in the next 30 days. What if the 30 day forward rate is @ $1=Rs 55 ? $ is selling at a ‘premium’ on the 30 day forward market The dealers expect $ to ‘appreciate’.
27. Currency Swap: Simultaneous purchase and sale of given amount of foreign exchange for two different value dates. An FX swap is a contract to buy an amount of currency for one value date at an agreed rate, and to simultaneously resell the same amount of currency for a later value date, also at an agreed rate. It does not involve exchange risk.
29. Basic Concept The forex hedge’s change in value is opposite to the change in value of the foreign currency exposure (hedged item). These two amounts offset each other to obtain cost certainty or revenue certainty.
30. Types of FOREX Hedges Designated for accounting purpose: Cash flow hedges. Fair value hedges. Net investment hedges. Economic hedges are transactions that hedges the value of: A foreign currency asset or liability. The value of firm commitment. The value of a forecasted transaction. Hedges that are not designated: Hedge is not properly documented or effective. Its value must be recorded directly to the income statement.
31. Purchase Power Parity Fisher effect Bretton woods system Fixed & Floating Exchange rates Theories of Exchange rate determination
32. Theories of Exchange rate determination Exchange rates are determined by the demand and supply for different currencies. Three factors impact future exchange rate movements: a country’s price inflation a country’s interest rate market psychology
33. Purchase Power Parity PPP theory argues Given relatively efficient markets (markets in which no barrier to international trade and investment exist) The price of a “basket of goods” should be roughly equivalent in each country
34. The Law of One Price In competitive markets free of transportation costs and barriers to trade, Identical products sold in different countries must sell for the same price when their price is expressed in terms of the same currency This process continues until The price is equalized between these two places.
35. If $200 for a good, @ $1 = Rs 50 exchange rate The price in Rs should be Rs10,000 according to PPP In India price increased by 10% : inflation If Indian price increase + no inflation in the US $200, Rs 11,000 Now ex. Rate is $1 = Rs55 Rs depreciated due to inflation in India. Change in relative price change in exchange rate
36.
37. When the growth in the money supply is greater than the growth in output,
38. Inflation will occur Increase in Money supply giving people more money Easier for banks to borrow from government Easier for individual, firms to borrow from banks Increase in credits Increase in demand for goods and services inflation A country with high inflation rate Depreciation of currency ex. Rate
39. The Fisher Effect The Fisher Effect states A country’s nominal interest rate is determined by i = r + L i ; nominal interest rate r ; real interest rate L ; the expected rate of inflation If r = 5%, L = 10% Nominal interest rate i = 5 + 10 = 15 % If investors are free to transfer capitals between nations, Real interest rate will be the same everywhere. If the difference in real interest rate emerge between countries, Arbitrage soon equalize them.
40. If r = 10% in India; r = 6 % in the US investors arbitrage Borrow from the US, invest in India to make money. Money Demand increases in the US raise r in the US Money Supply increases in India lower r in India Equalize r between these countries.