This document discusses factors that affect exchange rates and different types of quotations. It outlines several macroeconomic and financial market factors that influence exchange rates, including supply and demand, inflation rates, interest rates, speculation, economic growth, balance of payments, government debt, and intervention. It also defines forward rates and describes various types of quotations used in international trade, such as loco, FOR, C&F, CIF, Franco, FOB, CWO, and COD quotations.
A detail on forex market is being provided refering to global forex hours and the need of forex market. DAILY TURNOVER OF THE GLOBAL FOREIGN EXCHANGE. Indian forex market is also explaied with reference to usd inr movement. A brief technical analysis is also provided explaning the different chart types
This presentation was prepared by my GMCS team during the GMCS 2 course at Mangalore Branch of SIRC of ICAI.
This presentation gives an overview regarding the Forex Market and how one can use the Forex instruments and thus be able to transact globally.
An approach to deal with Forex Instruments in order to have accurate decision making has been outlined. This approach explains as to how an investor may be able to use Purchase Power Parity and Interest Rate Parity Theorems in order to transact.
A detail on forex market is being provided refering to global forex hours and the need of forex market. DAILY TURNOVER OF THE GLOBAL FOREIGN EXCHANGE. Indian forex market is also explaied with reference to usd inr movement. A brief technical analysis is also provided explaning the different chart types
This presentation was prepared by my GMCS team during the GMCS 2 course at Mangalore Branch of SIRC of ICAI.
This presentation gives an overview regarding the Forex Market and how one can use the Forex instruments and thus be able to transact globally.
An approach to deal with Forex Instruments in order to have accurate decision making has been outlined. This approach explains as to how an investor may be able to use Purchase Power Parity and Interest Rate Parity Theorems in order to transact.
This presentation is a comprehensive presentation of Forex Market. It starts with the history of this market from Pre Gold period, Bretton wood till current floating exchange mechanism and in Indian perspective FERA and FEMA. It then gives you an idea on size, width and extent of this market and post that it covers forex exchange, quotes, and numerical. Finally, it covers few topics like Trade Finance, LIBOR, Balance of Payment & Currency Swaps
Foreign exchange market mechanism (FOREX) - International Business - Manu Mel...manumelwin
The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks.
Forex Tips by http://www.top-forex-broker.com. You can find some more useful article about forex in http://www.top-forex-broker.com/forex-articles.html
This presentation is a comprehensive presentation of Forex Market. It starts with the history of this market from Pre Gold period, Bretton wood till current floating exchange mechanism and in Indian perspective FERA and FEMA. It then gives you an idea on size, width and extent of this market and post that it covers forex exchange, quotes, and numerical. Finally, it covers few topics like Trade Finance, LIBOR, Balance of Payment & Currency Swaps
Foreign exchange market mechanism (FOREX) - International Business - Manu Mel...manumelwin
The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks.
Forex Tips by http://www.top-forex-broker.com. You can find some more useful article about forex in http://www.top-forex-broker.com/forex-articles.html
To describe the International Monetary Fund and its role in the determination of exchange rates
To discuss the major exchange-rate arrangements that countries use
To explain how the European Monetary System works and how the euro became the currency of the euro zone
To identify the major determinants of exchange rates
To show how managers try to forecast exchange-rate movements
To explain how exchange rate movements influence business decisions
8 key factors that affect foreign exchange ratesannadesoza123
The exchange rate is defined as "the rate at which one country's currency may be converted into another." It may fluctuate daily with the changing market forces of supply and demand of currencies from one country to another.
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
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).
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. 📊
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
Learn how to use Binance Savings to expand your bitcoin holdings. Discover how to maximize your earnings on one of the most reliable cryptocurrency exchange platforms, as well as how to earn interest on your cryptocurrency holdings and the various savings choices available.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
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.
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
2. Factors which
influence the Exchange Rate
Exchange rates are determined by supply and demand.
For example, if there was greater demand for U S goods then
there would tend to be an appreciation (increase in value) of
the $. If markets were worried about the future of the US
economy, they would tend to sell $, leading to a fall in the
value of the $
2
Appreciation = Increase in value of Exchange rate
Depreciation = Decrease in value of Exchange rate
3. Inflation
If inflation in the UK is relatively lower than
elsewhere, then UK exports will become more competitive
and there will be an increase in demand for Pound Sterling to
buy UK goods. Also foreign goods will be less competitive
and so UK citizens will buy less imports.
Therefore countries with lower inflation rates tend to see
an appreciation in the value of their currency.
3
4. Interest Rates
If UK interest rates rise relative to elsewhere, it will
become more attractive to deposit money in the UK. You
will get a better rate of return from saving in UK banks,
Therefore demand for Sterling will rise. This is known as
“hot money flows” and is an important short run factor in
determining the value of a currency. Higher interest
rates cause an appreciation.
4
5. Speculation
If speculators believe the sterling will rise in the future,
they will demand more now to be able to make a profit. This
increase in demand will cause the value to rise. Therefore
movements in the exchange rate do not always reflect
economic fundamentals, but are often driven by the
sentiments of the financial markets.
For example, if markets see news which makes an interest
rate increase more likely, the value of the pound will probably
rise in anticipation.
5
6. Change in Competitiveness
If British goods become more attractive and competitive
this will also cause the value of the Exchange Rate to rise.
This is important for determining the long run value of the
Pound. This is similar factor to low inflation
6
7. Relative strength of other Currencies
In 2010 and 2011, the value of the Japanese Yen and
Swiss Franc rose because markets were worried about all
the other major economies – US and EU. Therefore,
despite low interest rates and low growth in Japan, the Yen
kept appreciating.
7
8. Balance of Payments
A deficit on the current account means that the value
of imports (of goods and services) is greater than the value
of exports. If this is financed by a surplus on the financial /
capital account then this is OK. But a country who
struggles to attract enough capital inflows to finance a
current account deficit, will see a depreciation in the
currency.
8
Current account deficit
in US of 7% of GDP was
one reason for
depreciation of $ in
2006-07
9. Government Debt
Under some circumstances, the value of government
debt can influence the exchange rate. If markets fear a
government may default on its debt, then investors will sell
their bonds causing a fall in the value of the exchange rate.
For example, Iceland debt problems in 2008, caused a rapid
fall in the value of the Icelandic currency.
9
if markets feared the US would default on its debt, foreign
investors would sell their holdings of US bonds. This
would cause a fall in the value of the dollar.
10. Government Intervention
Some governments attempt to influence the value of
their currency.
For example, China has sought to keep its currency
undervalued to make Chinese exports more competitive.
They can do this by buying US dollar assets which increases
the value of the US dollar to Chinese Yuan
10
11. Economic Growth / Recession
A recession may cause a depreciation
in the exchange rate because during a
recession interest rates usually fall.
However, there is no hard and fast rule. It
depends on several factors.
11
12. Forward Rate
“A rate applicable to a financial transaction that will
take place in the future. Forward rates are based on the
spot rate, adjusted for the cost of carry and refer to the rate
that will be used to deliver a currency, bond or commodity
at some future time. It may also refer to the rate fixed for a
future financial obligation, such as the interest rate on a
loan payment.”
12
13. Quotation
13
“A Quotation is a business offer made by a seller to
an interested buyer to sell certain goods at specific prices and
on certain terms and conditions”.
It is a reply by the seller to the prospective buyer. Hence, the
quotation letter should be prepared carefully by the seller. It should
contain information on all points mentioned in the inquiry letter.
The seller should send the best possible quotation so that it induces the
buyer to place an order because it is the basis on which the interested
buyer decides whether to buy or not.
The quotation must be clear, courteous and concise
14. Contents of Quotation
1.Details about quality of goods offered for sale.
2.Details about quantity of goods offered for sale.
3.Type of quotation.
4.Sale price per unit of the commodity.
5.Term of payment like Cash or Credit, trade discount, cash
14
A duty levied in some
countries on various
goods entering a town or
city.
discount and other allowances if any.
6.Time, mode and place of delivery.
7.Details of duties, Octroi, etc., payable.
8.Details of packing, labelling, insurance, etc.
9.Net price payable.
10.E and O.E. (errors and omissions expected)
16. 1. Loco Price Quotation
16
Loco means 'On the spot'. Therefore, the loco price
refers to the cost of goods at the factory or godown of the
seller. Once the goods are out of the sellers' factory or
warehouse, all the expenses for carrying the goods from
the seller's warehouse to the buyer's place are to be borne
by the buyer. This is the lowest price quotation.
17. Under this quotation, seller's responsibility is to
send the goods to the nearest railway station from his
warehouse. It includes the cost of carriage of goods to the
station. Since he delivers the goods up to the station, he
charges a little higher price. All further expenses on
goods such as freight, insurance, etc. have to be borne by
the buyer.
17
2. Station Price Quotation
18. Free On Rail (FOR) price quotation covers the expenses
of carrying the goods to the railway station nearest to seller
plus the loading expenses, freight and unloading expenses are
to be borne by the buyer.
FOR price quotation = Station price quotation + Loading Charges
18
3. Free On Rail (FOR) Price Quotation
19. Cost and Freight (C & F) price quotation includes the cost of
the goods and all the expenses like carriage to the seller's
nearest station, dock and loading charges and freight.
Expenses like insurance, unloading and cartage to the buyer's
place are to be borne by the buyer.
C & F price quotation = FOR price quotation + Railway Freight
19
4. Cost and Freight (C & F) Price Quotation
20. 5. Cost Insurance and Freight (CIF) Price
Quotation
There is a risk involved in transporting goods and this
risk is covered by insurance. Generally, the buyer pays
insurance charges but if CIF quotation is mentioned then the
seller pays for the insurance charges along with other
previous mentioned prices. So, the price includes cost of the
goods plus carriage up to seller's nearest station, loading,
freight and insurance charges.
CIF price quotation = C & F price quotation + Insurance.
20
21. 6. Franco Price Quotation
Franco price quotation is the highest price quotation.
In spite of being the highest quotation, buyers prefer this
quotation because under this price, the goods are delivered to
the buyers at their door-step. The buyer is relieved from the
tension of transporting goods from the seller's warehouse to
his own warehouse.
Franco price quotation = All expenses up to the buyer's warehouse.
21
22. 7. Free Alongside Ship (FAS) Price Quotation
Free Alongside Ship (FAS) price quotation includes the cost
of the goods and all the expenses to deliver the goods at the dock
nearest to the seller. The buyer has to bear the expenses of loading,
insurance, freight and the customs duty, etc., in addition to the cost of
goods. Though this quotation is used in some countries, it is not in
use in India.
22
FAS price quotation = Loco price quotation + cost of carriage of
goods up to the harbor nearest to the seller.
23. Free On Board (FOB) price quotation is similar to FOR
in inland trade. This is normally used in foreign trade. Under
FOB quotation, the seller quotes a price which includes all the
expenses incurred until the goods are actually delivered on
board the ship at the port of shipment.
FOB price quotation = cost of goods + expenses up to goods on ship's board
23
8. Free On Board (FOB) Price Quotation
24. 9. Cash With Order (CWO) Price Quotation
In Cash With Order (CWO) price quotation, the
buyer has to send cash along with the order, otherwise,
the order may not be executed.
24
25. 10. Cash On Delivery (COD) Price Quotation
In Cash On Delivery (COD) price quotation, the buyer
has to pay cash after receiving the delivery of the goods
ordered by him
25