国际金融英文版CH3.pptx

该【国际金融英文版CH3 】是由【小屁孩】上传分享，文档一共【49】页，该文档可以免费在线阅读，需要了解更多关于【国际金融英文版CH3 】的内容，可以使用淘豆网的站内搜索功能，选择自己适合的文档，以下文字是截取该文章内的部分文字，如需要获得完整电子版，请下载此文档到您的设备，方便您编辑和打印。Chapter3ForeignExchangeMarketandForeignExchangeRate12021/10/10ForeignExchangeMarketForeignexchangeisanothercountry’’.:thefirstistoconvertonecurrencyintoanother(thespotexchangemarket);thesecondistoprovideinsuranceagainstforeignexchangerisk(theforwardexchangemarket).32021/10/10Theforeignexchangemarketisaninformal,over-the-counterandaround-the--,London,,tradingcontinuesinanumberofminorcenters,:onversionsperhour52021/10/10Asof2009,morethan$%overthe2004survey’sestimateof$%ofallforeignexchangetransactions,followedbytheeuro(38%),yen(23%),andBritishpoundsterling(13%).Londonisthelargestworldforeignexchangemarket,%%.62021/10/10Globalforeignexchangemarketturnover,1998-2010(dailyaveragesinApril,)72021/10/10Top10geographictradingcenterintheforeignexchangemarket,1992-2007(dailyaveragesinApril,billionsof$)82021/10/10ForeignexchangemarketstructureCustomersbuy$with￥Customersbuy￥with$LocalbanksLocalbanksMajorbanksInterbankmarketsForeignexchangebrokersMNCs&Others92021/10/10ParticipantsintheforeignexchangemarketRetailcustomersaremadeupofindividuals,internationalinvestors,smallbusinesses,(marketdealers)carryoutbuy/sellordersfromtheirretailclientsandbuy/