Table of Contents
PPT Slide
PPT Slide
Why Convert Currency?
Foreign Exchange (Fx)
Foreign Exchange Exposure
Exchange Market/Exchange Rate
Functions of the Foreign Exchange Market
Currency Risk
Reducing Risk
Foreign Exchange Transactions April 1995 (Percent)
The Hierarchy of International Financial Centers
Share of Global Foreign Exchange Trading Accounted for by London, New York, and Tokyo
Fx Market Turnover in Major Centers
Trading Hours of the World’s Major Financial Centers
Economic Theories
Law of One Price
Purchasing Power Parity
The Big Mac Index Purchasing Power Parity: 1995
Japanese Big Mac Valuation (Yens Over (+) or UNDER (-) Valuation Against the Dollar)
East Asian Big Mac Valuation
Inflation and the Money Supply
Exchange Rate Forecasting
Factors Influencing Currency Value
Currency Convertibility
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