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1 exchange rate risk
Finthe risk of suffering loss on converting another currency to the currency of a company’s own country.EXAMPLEExchange rate risks can be arranged into three primary categories. (1.) Economic exposure: operating costs will rise due to changes in rates and make a product uncompetitive in the world market. Little can be done to reduce this routine business risk that every enterprise must endure. (2.) Translation exposure: the impact of currency exchange rates will reduce a company’s earnings and weaken its balance sheet. To reduce translation exposure, experienced corporate fund managers use a range of techniques known as currency hedging. (3.) Transaction exposure: there will be an unfavorable move in a specific currency between the time when a contract is agreed and the time it is completed, or between the time when a lending or borrowing is initiated and the time the funds are repaid. Transaction exposure can be eased by factoring: transferring title to foreign accounts receivable to a third-party factoring house.Although there is no definitive way of forecasting exchange rates, largely because the world’s economies and financial markets are evolving so rapidly, the relationships between exchange rates, interest rates, and inflation rates can serve as leading indicators of changes in risk. These relationships are as follows. Purchasing Power Parity theory (PPP): while it can be expressed differently, the most common expression links the changes in exchange rates to those in relative price indices in two countries:Rate of change of exchange rate = Difference in inflation ratesInternational Fisher Effect (IFE): this holds that an interest-rate differential will exist only if the exchange rate is expected to change in such a way that the advantage of the higher interest rate is offset by the loss on the foreign exchange transactions. Practically speaking, the IFE implies that while an investor in a low-interest country can convert funds into the currency of a high-interest country and earn a higher rate, the gain (the interest rate differential) will be offset by the expected loss due to foreign exchange rate changes. The relationship is stated as:Expected rate of change of the exchange rate = Interest-rate differentialUnbiased Forward Rate Theory: this holds that the forward exchange rate is the best unbiased estimate of the expected future spot exchange rate.Expected exchange rate = Forward exchange rate -
2 interest rate parity theory
Fina method of predicting foreign exchange rates based on the hypothesis that the difference between the interest rates in two countries should offset the difference between the spot rates and the forward foreign exchange rates over the same periodThe ultimate business dictionary > interest rate parity theory
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3 purchasing power parity
Fina theory that the exchange rate between two currencies is in equilibrium when the purchasing power of currency is the same in each country. If a basket of goods costs £100 in the United Kingdom and $150 for an equivalent in the United States, for equilibrium to exist, the exchange rate would be expected to be £1 = $1.50. If this is were not the case, arbitrage would be expected to take place until equilibrium was restored. -
4 paridad
f.1 similarity (semejanza).2 parity (finance & computing).paridad de cambio parity of exchange* * *1 (gen) parity, equality2 FINANZAS parity of exchange* * *SF1) (=igualdad) parity, equality; (=semejanza) similarity2) (=comparación) comparison* * ** * *= parity.Ex. This will allow data to be sent over the communication lines and it must naturally be possible to set the appropriate baud rates and parity.* * ** * *= parity.Ex: This will allow data to be sent over the communication lines and it must naturally be possible to set the appropriate baud rates and parity.
* * *A (igualdad) equality, parityB ( Fin) parity, exchange rate* * *paridad nf1. [semejanza] similarity2. [igualdad] equality;la paridad entre hombres y mujeres equality between men and women;reclaman la paridad de salarios they demand equal pay3. Fin parity;la paridad del dólar con el euro the dollar euro exchange rateparidad de cambio parity of exchange4. Informát parity* * *f COM parity* * *paridad nf: parity, equality -
5 валютный паритет
1) Economy: coinage ratio, exchange rate parity, mint ratio, par exchange rate, par of exchange, par value of currencies, par value regime, parity of currencies, parity of exchange, power parity2) Finances: foreign exchange parities (твердое, официально устанавливаемое соотношение обмена одной валюты на другую)3) Banking: currency parity, monetary parity4) Business: parity, parity of currency -
6 Wechselkursparität
Wechselkursparität f BANK exchange rate parity, parity of exchange • Wechselkursparität herstellen BÖRSE bring parity* * * -
7 курс
1) (направление) course, policy, lineвзять курс на подъём чего-л. — to take the course / the path of raising smth.
изменять свой курс — to alter / to change one's course
намечать курс — to map out / to mark out a course; (в общих чертах) to outline a course
начертать курс — to chart a course (for)
придерживаться курса — to adhere / to stick to a policy / a course
проводить курс — to conduct / to pursue a policy, to hold / to pursue / to take a line, to steer / to tread a course
следовать курсом — to pursue / to follow the course
авантюристический курс — adventurist(ic) policy, policy of adventure
внешнеполитический курс — foreign policy, foreign policy course
генеральный курс — general line / course
жёсткий курс — hard / tough line, tough policy
проводить жёсткий курс в отношении страны — to take a strong / a hard line with a country
несговорчивый / упрямый сторонник жёсткого курса — intractable hard-liner
милитаристский курс — militarist course / policy
независимый курс — independent course / policy
искажать / фальсифицировать политический курс — to falsify a policy
сформулировать политический курс — to enunciate / to set out a policy
позитивный / положительный политический курс — positive policy
умеренный курс — moderate line, middle-of-the road course
курс на затягивание чего-л. — policy of dragging out smth. курс на конфронтацию collision course курс на оздоровление / улучшение отношений course toward(s) improving relations
курс на "прямое противоборство" — policy of "direct confrontation"
курс на сегрегацию без каких-л. отступлений — hard-line segregationist platform
курс партии — party line, party's policy
курс перестройки экономики — course for reorganization / restructuring of the economy
сторонник либерального курса — dove разг.
2) эк. course, rate, quotation exchangeиграть на повышение курса — to be bullish, to go a bull
играть на понижение курса — to be bearish, to go bear
биржевой курс — exchange / market quotation, share price
валютный курс, курс валюты — (foreign) exchange rate, course / par / rate of exchange, exchange
выгодный валютный курс — profitable rate of exchange, favourable exchange
высокий валютный курс — high rate (of exchange) / exchange rate
гибкий валютный курс — flexible exchange rate / rate of exchange
двойной валютный курс — double exchange rate / rate of exchange
действующий / эффективный валютный курс — effective exchange rate / rate of exchange
заключительный валютный курс — closing rate (of exchange) / exchange rate
закреплённый валютный курс — fixed rate (of exchange) / exchange rate
искусственно поддерживаемый валютный курс — pegged rate (of exchange) / exchange
колеблющийся валютный курс — floating / fluctuating / free exchange rate, variable exchange
единый / унифицированный колеблющийся валютный курс — unitary floating rate of exchange
наличный валютный курс — current rate of exchange / exchange rate
начальный валютный курс — opening rate of exchange / exchange rate
неодинаковые / различные валютные курсы — different rates of exchange / exchange rates
неподдерживаемый / нерегулируемый валютный курс — unpegged rate of exchange / exchange rate
неустойчивый валютный курс — variable exchange rate / rate of exchange
обменный валютный курс — exchange rate, rate of exchange
официально объявленный / официальный валютный курс (установленный центральным банком) — official rate (of exchange) / exchange rate
плавающий валютный курс — floating rate of exchange / exchange rate, float
вводить плавающий / свободно колеблющийся валютный курс — to float
повышенный валютный курс — higher rate of exchange / exchange rate
пониженный валютный курс — reduced rate (of exchange) / exchange rate
свободный валютный курс — free rate of exchange / exchange rate
справочный валютный курс — posted rate of exchange / exchange
твёрдый / фиксированный валютный курс — fixed exchange rate / rate of exchange
текущий рыночный валютный курс — going market rate of exchange / exchange rate
центральный валютный курс (не основанный на паритете Международного валютного фонда) — central rate (of exchange) / exchange rate
введение нового соотношения / новой системы валютных курсов — exchange rate alignment
расчёт валютного курса — (exchange) rate calculation, calculation of exchange
движение / динамика валютных курсов — exchange rate movements, movement in the exchange rate
размах колебаний валютного курса, пределы отклонений валютного курса от паритета — fluctuation band
курс валюты — см. валюта
неустойчивый курс иностраннной валюты — fluctuant foreign exchange rate, variable exchange
падение валютного курса — fall in the exchange rate / in exchange
курс акций — stock exchange; stock price амер.
ежедневно / еженедельно публикуемый курс акций — daily / weekly average
курс дня (иностранной валюты) — exchange / rate of the day
падение курса доллара (по отношению к евро) — the dollar's fall (against the euro)
курс при закрытии банка / биржи / рынка — closing rate
курс при открытии банка / биржи / рынка — opening rate
курс ценных бумаг — rate of securities, price
согласованный (в ходе переговоров) курс ценных бумаг — negotiated price
твёрдый / устойчивый курс ценных бумаг — firm price
курс, предлагаемый покупателем ценных бумаг — bid price
курс, предлагаемый продавцом ценных бумаг — asked price
3)быть в курсе политики — to be well informed / versed in politics
ввести в курс дела — to bring (smb.) up to date
держать в курсе дела — to keep (someone) informed
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8 parità
f equality, parityparità di diritti equal rightsa parità di condizioni all things being equal* * *parità s.f.1 equality, parity: le donne hanno diritto alla parità con gli uomini, women have the right to equality with men; in un paese democratico tutti hanno parità di diritti e di doveri, in a democratic country everybody has equal rights and duties // a parità di condizioni, under the same conditions (o dir. conditions being equal); a parità di meriti, di diritti, merits, rights being equal; a parità di prezzo, for the same price; a parità di voti, with an equal number of votes // (inform.) verifica di parità, parity check3 (econ., fin.) par, parity: parità dei poteri d'acquisto, purchasing power parity; parità salariale, equal pay; parità aurea, gold parity; parità dei cambi, exchange rate parity (o par of exchange); parità monetaria, valutaria, currency parity (o par value)4 (mat., fis.) parity.* * *[pari'ta]sostantivo femminile invariabile1) (uguaglianza) equality, parity2) sportessere in parità — [ squadre] to be all square
finire in parità — [ partita] to end in a tie o draw
* * *parità/pari'ta/f.inv.1 (uguaglianza) equality, parity; a parità di prezzo for the same price; a parità di condizioni all conditions being equal2 sport essere in parità [ squadre] to be all square; finire in parità [ partita] to end in a tie o draw. -
9 valutakursparitet
subst. (økonomi) exchange rate parity, exchange parity -
10 valutaparitet
subst. exchange rate parity, currency parity -
11 griglia
f ( grata) gratinggastronomy grillalla griglia grilled* * *griglia s.f.1 (graticola) grill, gridiron: cuocere alla griglia, to grill; carne alla griglia, grilled meat2 (di forno, stufa) grate: griglia meccanica, stoker3 (region.) (di finestra) shutter4 (grata) grill (e): griglia di ventilazione, ventilating grille (o air grating); (aut.) griglia del radiatore, (radiator) grille5 (elettr., inform., rad.) grid: griglia catodica, di arresto, cathodic, suppressor grid; griglia di schermo, screen grid; griglia pilota, control grid; circuito, corrente di griglia, grid circuit, grid current; polarizzazione di griglia, grid bias; resistenza di griglia, grid leak6 (miner.) grizzly7 (fin.) grid: griglia delle parità, parity grid; griglia di parità dei cambi, exchange rate parity grid // (lett.) griglia interpretativa, scheme of interpretation8 ( sport) griglia di partenza, starting grid.* * *['griʎʎa]sostantivo femminile1) (graticola) grill, gridironalla griglia — [ bistecca] grilled
2) (grata) grille, grid3) (di parole crociate, orari) grid4) elettron. grid•* * *griglia/'griλλa/sostantivo f.2 (grata) grille, grid; la griglia di una finestra the bars on a window3 (di parole crociate, orari) grid4 elettron. gridgriglia di partenza (starting) grid. -
12 валютный паритет
currency (exchange rate) parity, par value, par of exchangeBanks. Exchanges. Accounting. (Russian-English) > валютный паритет
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13 kursparitet
subst. exchange rate parity -
14 паритетный курс
курс по кассовым сделкам; курс по сделкам спот — spot rate
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15 Kurs
Kurs m 1. BÖRSE quoted price, rate, price, pr.; 2. FIN price, pr.; 3. MGT, PERS, SOZ course (Lehrgang); 4. WIWI price, pr. (Wertpapiere) • den Kurs durch Leerverkäufe nach unten drücken BÖRSE hammer the market • den Kurs einer Aktie durch Verkäufe drücken BÖRSE raid the market • die Kurse sind ins Bodenlose gesunken WIWI the bottom has dropped out of the market • einen Kurs haben von BÖRSE trade at • Kurse können sowohl fallen als auch steigen BÖRSE prices can go down as well as up • Kurse sind niedriger notiert worden BÖRSE prices have been marked down* * *m 1. < Börse> quoted price, rate, price (pr.) ; 2. < Finanz> price (pr.) ; 3. <Mgmnt, Person, Sozial> Lehrgang course; 4. <Vw> Wertpapiere price (pr.) ■ den Kurs einer Aktie durch Verkäufe drücken < Börse> raid the market ■ die Kurse sind ins Bodenlose gesunken <Vw> the bottom has dropped out of the market ■ einen Kurs haben von < Börse> trade at ■ Kurse können sowohl fallen als auch steigen < Börse> prices can go down as well as up ■ Kurse sind niedriger notiert worden < Börse> prices have been marked down* * *Kurs
price, market rate (price), market, (Lehrgang) course, (politische Linie) line, (Notierung) quotation, value, (Termingeschäft) forward (future, US) rate, (Umlauf) circulation, (Wechselkurs) rate of exchange, exchange rate;
• außer Kurs [gesetzt] out of circulation;
• bei sinkenden (weichenden) Kursen at reduced prices, prices dropping off;
• bei steigenden (anziehenden) Kursen in a rising market;
• bei weichenden Kursen at prices dropping off;
• hoch im Kurs (sehr geschätzt) at a premium;
• ohne Kurs without official quotation, not quoted, unlisted (US), (Börsenbericht) no transactions;
• unter dem Kurs below parity rate;
• zu dem im Indossament angegebenen Kurs at the exchange as per indorsement;
• zu einem festen Kurs (Devisentermingeschäft) outright;
• zu besonders günstigem Kurs at a favo(u)rable rate of exchange;
• zu verschiedenen Kursen limitiert on a scale;
• zum Kurs von at the rate of exchange (parity) of;
• zum angeführten Kurs at the quoted exchange;
• zum ersten Kurs at the opening [price];
• zum gegenwärtigen Kurs at the current rate of exchange (present quotation);
• zum günstigen Kurs (Börse) at the best price, (Wechselkurs) at the most favo(u)rable rate;
• zum höchsten Kurs at the highest rate of exchange;
• zum mittleren Kurs at the parity rate;
• zum verzeichneten Kurs at the rate [of exchange] quoted;
• abbröckelnde Kurse slackening prices;
• abflauende Kurse dropping (crumbling, receding, sagging) prices;
• amtlicher Kurs market (official) rate, official quotation, (Wechselkurs) currency [rate of exchange];
• annähender Kurs approximate rate;
• ansteigender Kurs rising price;
• knapp aufrechterhaltener Kurs barely supported price;
• außerbörslicher Kurs curb [market] price, curb (kerb, Br.) rate, inofficial quotation, outside market;
• äußerster Kurs bottom price;
• bestehender Kurs ruling rate;
• bezahlter Kurs real exchange;
• gleich bleibender Kurs steady course;
• davonlaufende Kurse soaring prices;
• um Bruchteile differierender Kurs close price;
• doppelter Kurs two-way price (Br.);
• durchschnittlicher Kurs middle price;
• effektiver Kurs actual quotation;
• entsprechender Kurs reasonable price;
• erster Kurs opening price (rate);
• heute erzielte Kurse rates obtained at today’s market;
• fallender Kurs declining (receding, dropping, sagging, falling-off) price, (Wechselkurs) falling rate;
• fester Kurs fixed (established) rate, fixed (firm) price;
• nicht fester Kurs fluctuating rate;
• festgelegter Kurs (Schiff) lane;
• fiktive Kurse forced quotations;
• fortlaufender Kurs currently adjusted rate;
• fortschnellende Kurse buoyant prices;
• freier Kurs inofficial price;
• gedrückte Kurse depressed (slackening, low level of) prices;
• gegenwärtiger Kurs current rate (price), ruling price (US);
• künstlich gehaltene Kurse pegged prices, (Wechselkurs) pegged exchange [rate];
• tatsächlich gehandelte Kurse bargains made, actual quotations;
• geldpolitischer Kurs monetary policy;
• gemachter Kurs real exchange;
• genannter (gesprochener) Kurs nominal price;
• gesetzlicher Kurs legal rate;
• gestiegener Kurs advanced (increased) price;
• gestützter Kurs pegged (supported) price, pegged exchange rate;
• künstlich in die Höhe getriebener Kurs ballooning price (US);
• günstiger Kurs (Wechselkurs) favo(u)rable exchange rate;
• haussierende Kurse booming prices;
• höchster Kurs highest quotation (price), peak (top) price;
• intervalutarischer Kurs foreign exchange rate;
• laufender Kurs current quotation, (Wechselkurs), running course of exchange;
• leichter Kurs snap course;
• letzte Kurse last prices (quotation);
• limitierter Kurs limited price;
• manipulierter Kurs manipulated price;
• mittlerer Kurs mean course;
• nachbörslicher Kurs kerb [stone] (Br.) (curb) [market] (US) price, price after hours, street (Br.) (outside) price;
• nachgebende Kurse sagging (receding, declining, crumbling, slackening) prices, sagging (declining) market;
• nachlassende Kurse declining market;
• niedriger Kurs low rate (price);
• niedrigster Kurs lowest quotation (possible price), bargain level, bottom price;
• nomineller Kurs nominal price (exchange, rate);
• notierter Kurs quoted (listed, US, tape) price;
• fortlaufend notierte Kurse consecutively quoted prices;
• zuletzt notierter Kurs last quotation;
• offizieller Kurs official quotation;
• politischer Kurs [orientation of] policy;
• rückläufige Kurse drooping rates, retrograde prices, down (declining) market, bears (US);
• schwankende Kurse fluctuating prices (quotations, rates);
• sinkende Kurse sagging (falling, declining) prices;
• spekulativer Kurs speculative price;
• stabilisierte Kurse pegged prices;
• niedrigst stehende Kurse hardpan prices (US coll.);
• steigende Kurse rising market, up, bulls (US);
• rasch steigende Kurse soaring prices;
• telegrafische Kurse tape prices;
• übersteigerter Kurs exaggerated (outbid) quotation;
• unbeständiger Kurs variable exchange;
• uneinheitliche Kurse mixed market;
• ungünstiger Kurs (Wechselkurs) unfavo(u)rable exchange rate;
• Kurs unverändert (Devisen) exchange the same;
• variabler Kurs variable exchange;
• veränderlicher Kurs fluctuating market rate (US);
• bei fast keinem Umsatz verzeichnete Kurse untested prices;
• weichende Kurse receding prices;
• weicher Kurs (pol.) soft line;
• Kurse von Dividendenwerten equity prices;
• Kurs in Prozenten rate per cent;
• agrarpolitischer Kurs der Regierung government’s agricultural policy;
• Kurs für Sichtpapiere sight rate;
• Kurse für Sorten und Devisen auf europäischen Plätzen continental rates (Br.);
• Kurse mit großer Spanne zwischen Geld- und Briefkurs wide prices;
• Kurs für Termindevisen forward exchange rate;
• Kurs für Termingeschäfte forward (futures, US) rate, futures price (US);
• Kurse für mündelsichere Wertpapiere gilts prices (Br.);
• Kurs im Zeitpunkt der Optionsausübung exercise price;
• vom Kurs abkommen to get off course;
• vom offiziellen Kurs abweichen to deviate from the official line;
• Kurs angeben to state a price, (Wechselkurs) to quote a rate;
• Kurs des Pfundes an den Dollar anhängen to peg the value of the pound to the dollar;
• besondere Kurse für Aktienpakete aushandeln to negotiate prices on block trades;
• Kurse beeinflussen to have an effect on the market, (Wechselkurs) to affect the rate of exchange;
• Kurse unzulässig beeinflussen to rig the market (Br.);
• weiterhin hohe Kurse behaupten to continue to rule high;
• Kurs belegen to take a course;
• Kurs bestimmen to fix a price;
• Kurse zu neuem Höchststand bringen to push the market into new high ground;
• Kurse auf einen neuen Tiefstand bringen to carry the price to a new low level;
• Kurs decken to cover the rate;
• auf die Kurse drücken to depress the market (prices), to bear the stocks (Br.), to force down the prices, to cause a fall in prices;
• Kurse durch Verkäufe drücken to raid the market;
• Kurs einhalten to stay on the course;
• Kurs einschlagen to [steer a] course;
• neuen Kurs einschlagen to adopt a new course, (Regierung) to adopt a new line (policy);
• realistischen Kurs einschlagen to pursue a realistic course;
• Kurs erhöhen to advance the price;
• Kurs erzielen to reach a price;
• im Kurs fallen to [experience a] fall, to fall (go down, sag) in price, to recede, to go down;
• plötzlich im Kurs fallen to break;
• Kurs festsetzen to fix a price, (Wechselkurs) to fix the rate;
• Kurs feststellen to fix a price;
• Kurse börsenmäßig feststellen to quote (list, US) prices;
• Kurs freigeben (Wechselkurs) to float the exchange rate;
• am Kurs gewinnen to benefit by the exchange;
• Kurs haben auf (Schiff) to make (head) for;
• gesetzlichen Kurs haben to be legal tender (lawful money, US);
• Kurs des britischen Pfundes niedrig halten to keep down the Sterling exchange rate;
• Kurs herabdrücken to depress (force down) the price;
• Kurs herabsetzen to lower the rate;
• Kurs heraufsetzen (Börse) to advance (improve) the price (rate);
• Kurs hinauftreiben to force (push up, send up) the price;
• Kurse hochtreiben to boom (rig) the market;
• auf Kurs liegen (Schiff) to head for;
• Kurs notieren to quote (list, US) a price;
• außer Kurs setzen to withdraw (recall) from circulation, to call in, to demonetize (Br.);
• schlechtes Geld außer Kurs setzen to call in clipped money;
• Geldmünzen außer Kurs setzen to withdraw coins from circulation;
• in Kurs setzen to circulate;
• wieder in Kurs setzen to remonetize (Br.);
• Kurs sichern (Wechselkurs) to fix (cover, hedge) a rate;
• Kurse stabilisieren to stabilize prices;
• im Kurs stehen to be quoted (listed, US) at;
• im Kurs steigen to [experience a] rise, to improve, to advance (increase) in price, to be a rising market, to go up;
• plötzlich im Kurs steigen to have a sudden rise, to skyrocket (US);
• Kurse in die Höhe steigern to boom the market;
• Kurs steuern to steer a course;
• Kurs stützen to support a price, (Wechselkurs) to peg the exchange, to support a currency;
• Abschlüsse auf New York zum Kurs von... tätigen to effect exchange deals on New York at...;
• Kurse in die Höhe treiben to make a (boom the) market, to push (force, send) up prices, to skyrocket (US);
• Kurse künstlich in die Höhe treiben to rig the market;
• Kurs von 480 überschreiten to cross 480;
• zum Kurs von... notiert werden to be quoted (listed, US) at the rate of...;
• Kurse bessern sich prices are improving;
• Kurse bleiben fest prices are running high;
• Kurse bleiben stabil prices continue stable;
• Kursbröckeln ab prices are easing off (crumbling [off]);
• Kurserholen sich prices are improving;
• Kurse erreichen ihr altes Niveau prices recover their old level;
• Kurse fallen prices are declining (dropping), prices are on the decline;
• Kurse flauen ab prices are sagging;
• Kurse geben nach prices are softening;
• Kurse gehen zurück prices are crumbling (receding);
• Kurse gingen sprunghaft höher prices jumped;
• Kurse halten sich prices remain steady;
• Kurse haussieren prices are skyrocketing (US);
• Kurse liegen gebessert prices have improved;
• Kurse liegen höher the market is high;
• Kurs liegen eine Kleinigkeit niedriger prices are a shade lower;
• Kurse liegen unverändert prices remain unchanged;
• Kursmangels Nachfrage gestrichen no quotation, only sellers;
• Kurse schwächten ab the quotations weakened;
• Kurse schwanken prices are fluctuating;
• Kurse sind abgebröckelt prices have eased [off];
• Kurse sind abgeschwächt prices have eased [off], market off (US);
• Kurse sind fest (stabil) prices are firm;
• Kurse sind gefallen (gesunken) prices have dropped (gone down);
• Kurse sind gestiegen prices have advanced (gone up);
• Kurse sind rückläufig prices are easing off;
• Kurse sind unverändert prices have remained unchanged;
• Kurse sind zurückgegangen prices have receded;
• Kurse sinken prices are declining (dropping);
• Kurse steigen prices are going up (advancing);
• Kurse verfallen prices are collapsing;
• Kurse werden fester (stabiler) prices become firmer;
• Kurse zeigen eine rückläufige Bewegung (einen Aufwärtstrend) prices show a downward tendency;
• Kurse ziehen an prices are advancing (hardening, going up);
• Kurse ziehen heftig (kräftig) an prices rise sharply;
• Kurse zogen an prices have hardened;
• Kursabbröckelung crumbling of prices;
• Kursabfall price decline;
• Kursabschlag drop (fall, reduction, decline) in prices, (Devisen) backwardation, deport, (Terminhandel) discount quotation;
• Kursabschwächung weaker tendency in prices, weakness (lowering) of prices, weak market, price weakness, concession, market softening;
• anfängliche Kursabschwächung (Börse) opening decline;
• Kursabschwächung um einen Bruchteil a fractional ease;
• Kursabweichung difference in the rates, (Flugzeug, Schiff) deviation [from the course];
• Kursänderung price changes, (Börse) changes in prices, (pol.) shift, reorientation, (Schiff) alteration of course, (Wechselkurs) change in the exchange rate;
• Kursangabe stock-exchange quotation;
• Kursangleichung (Wechselkurs) adjustment of rates;
• Kursanomalie unwarranted price level. -
16 Wechselkurs
Wechselkurs m FIN, WIWI exchange rate, foreign exchange rate, rate of exchange* * *m <Finanz, Vw> exchange rate, foreign exchange rate, rate of exchange* * *Wechselkurs
rate of exchange, exchange (trading) rate, course [of exchange] (Br.);
• amtlicher Wechselkurs official exchange rate, official fixed rate of exchange, currency;
• bewegliche Wechselkurse free (freely fluctuating) exchange rates;
• unwiderruflich bilaterale Wechselkurse irreversible bilateral exchange rates;
• feste Wechselkurse fixed exchange rates;
• flexibler (freier, freigegebener, gleitender) Wechselkurs floating (flexible) exchange rate, flexible parities, floating currencies;
• gesteuerter Wechselkurs managed float;
• gestützter Wechselkurs pegged exchange rate;
• gleitende Wechselkurse floating exchange rates;
• günstiger Wechselkurs favo(u)rable exchange rate;
• inoffizieller Wechselkurs parallel rate of exchange;
• periodisch korrigierter Wechselkurs crawling peg (US);
• Londoner Wechselkurs London rate;
• multiple Wechselkurse multiple exchange (currency) rates;
• schwankender Wechselkurs fluctuating exchange rate;
• stufenflexibler Wechselkurs sliding parity (peg);
• üblicher Wechselkurs usual rate of exchange;
• Wechselkurs unverändert exchange the same;
• vorschriftsmäßige Wechselkurse official conversion rate;
• Wechselkurs der augenblicklichen Verrechnungseinheit present unit of account exchange rate;
• Wechselkurse anpassen to adjust the exchange rates;
• Wechselkurs freigegeben to float the exchange rate;
• Wechselkurs niedrig halten to hold down the exchange rate;
• Wechselkurse in der festgelegten Währungsparität halten to peg their exchange rates at par;
• Wechselkurse neu ordnen to realign the exchange rates;
• Wechselkurs sichern to cover (fix, hedge) the exchange rate;
• Wechselkurs stabilisieren to peg the exchange;
• Wechselkursänderung parity (exchange-rate) change;
• stufenweise Wechselkursänderung crawling (dynamic) peg;
• vorsichtige Wechselkursänderung discretionary crawling peg;
• Wechselkursarbitrage arbitration of exchange, exchange arbitration;
• Wechselkursarbitrageur arbitrageur;
• Wechselkursaufwertung currency appreciation;
• Wechselkursbandbreite margin of the exchange rates;
• Wechselkursberechnung computation of exchange;
• Wechselkursbewegung exchange-rate movement;
• Wechselkursfixierung fixing of exchange rates;
• Wechselkursfreigabe floating rates of exchange;
• gemeinsame Wechselkursfreigabe block floating;
• Wechselkursgarantie exchange-rate guarantee;
• Wechselkursgefüge exchange-rate structure;
• Wechselkursgewinn exchange-rate profit;
• Wechselkursherabsetzung reduction in the official exchange rate of a currency;
• Wechselkursliste list (course, Br.) of exchange;
• Wechselkursmechanismus (WKM) Exchange Rate Mechanism (ERM);
• Wechselkursneuordnung realignment of exchange rates;
• Wechselkursnotierung quotation of exchange rates;
• Wechselkurspolitik exchange-rate policy;
• Wechselkursrelationen exchange-rate relationships;
• Wechselkursrichtlinien exchange-rate guidelines;
• Wechselkursrisiko foreign exchange risk, exchange rate risk;
• Wechselkurssatz (Weltwährungsfonds) par exchange rate;
• Wechselkurssatz des Pfundes stützen to peg the sterling exchange rate;
• angestrebte Wechselkurssätze target exchange rates;
• Wechselkursschwankungen movement (fluctuations) in [exchange] rates, currency fluctuations;
• multiple Wechselkurs-Software multi-currency software;
• Wechselkursstabilität exchange stability;
• Wechselkursstützung pegging the exchange. -
17 Umrechnungskurs
Umrechnungskurs m FIN, WIWI conversion price, conversion rate, exchange rate, rate of exchange* * *m <Finanz, Vw> conversion price, conversion rate, exchange rate, rate of exchange* * *Umrechnungskurs
rate of exchange, exchange [rate], conversion price (rate), parity;
• zahlbar zu dem im Indossament vermerkten Umrechnungskurs payable as per indorsement (Br.);
• zum Umrechnungskurs von at the parity (the current exchange) of;
• amtlicher Umrechnungskurs official exchange rate;
• bilaterale Umrechnungskurse (Euro) bilateral conversion rates;
• fester Umrechnungskurs certain price, direct exchange;
• günstiger Umrechnungskurs favo(u)rable exchange rate;
• nomineller Umrechnungskurs nominal exchange rate. -
18 Währungsabkommen
Währungsabkommen n WIWI exchange rate agreement, ERA* * *n <Vw> exchange rate agreement (ERA)* * *Währungsabkommen
monetary (currency) agreement, monetary convention;
• Washingtoner Währungsabkommen Smithsonian Agreement (Br.);
• Währungsabstände monetary gaps;
• Währungsabteilung foreign exchange department;
• Währungsabwertung currency (exchange) depreciation, depreciation of currency, devaluation;
• Währungsanarchie monetary anarchy;
• Währungsänderung currency change-over;
• Währungsangaben monetary references;
• Währungsangleichung currency adjustment, adjustment of currencies;
• Währungsanleihe [foreign] currency loan;
• Währungsaufruhr monetary turmoil;
• Währungsaufwertung appreciation of a currency, currency revaluation (appreciation), exchange appreciation;
• Währungsausgleich equation of exchange (currency), exchange (quantity) equation;
• Währungsausgleichsfonds Exchange Equalization Fund (US), Exchange Equalization Account (Br.);
• Währungsausgleichszollzuschlag exchange compensation duty;
• Währungsausschuss monetary committee, national monetary commission;
• beratender Währungsausschuss (EU) Monetary Committee with advisory status;
• Währungsausweitung currency expansion;
• Währungsbank bank of issue;
• Währungsbehörden monetary (financial) authorities;
• Währungsbeirat monetary council;
• Währungsbereich currency (monetary) area;
• Währungsbeschränkungen currency (monetary) restrictions;
• Währungsbestände eines Devisenausländers non-resident sterling (Br.);
• Währungsbestimmungen currency (monetary) regulations;
• Währungsbeziehungen exchange arrangements;
• Währungsblock currency bloc;
• Währungsbuchführung multi-currency accounting;
• Währungsbuchhaltung currency accounting;
• Währungschaos monetary chaos;
• Währungscode currency (monetary) code;
• Währungsdeckung backing of notes;
• Währungsdisparitäten currency disparities;
• Währungsdisziplin monetary discipline;
• Währungsdumping currency dumping;
• Währungsdurcheinander monetary mess;
• Währungseinflüsse monetary influences;
• parallele Währungseingabe dual currency input;
• Währungseinheit monetary unit (standard), primary money;
• ausländische Währungseinheit foreign-currency unit;
• Währungsentwertung currency depreciation;
• Währungsexperte, Währungsfachmann currency economist;
• Währungsflucht currency evasion;
• Internationaler Währungsfonds (IMF) International Monetary Fund (IWF);
• Währungsfragen questions of currency, currency problems (questions);
• Währungsgarantie exchange risk guarantee;
• Währungsgebiet currency (monetary) area, monetary scene;
• Währungsgefährdung jeopardizing of currency;
• Währungsgeld standard money;
• Währungsgesetz currency law;
• Währungsgesetzgebung currency legislation;
• Währungsgesundung currency reform;
• Währungsgewinn exchange profit, monetary (currency) gain;
• nicht realisierte Währungsgewinne unrealized translation gains;
• Währungsgold stock of monetary gold;
• Währungsguthaben foreign currency balance, reserve assets, deposits of currency;
• Währungshoheit monetary sovereignty;
• Währungshüter monetary official;
• Währungshypothek mortgage on the currency;
• Währungsinflation monetary inflation;
• Währungsinstanzen monetary authorities;
• Europäisches Währungsinstitut European Monetary Institute;
• Währungsintegration monetary integration;
• Währungskapazitäten monetary leaders;
• Währungskatastrophe monetary disaster;
• Währungsklausel currency (exchange, standard) clause;
• Währungskommission monetary commission;
• Währungskompetenz monetary competence (US);
• Währungskonferenz monetary conference;
• Währungskontext monetary context;
• Währungskonto foreign-exchange account;
• Währungskontrolle controlled currency;
• Währungskonvergenz monetary convergence;
• Währungskonvertibilität convertibility of currency;
• uneingeschränkte Währungskonvertibilität unlimited currency convertibility;
• Währungskorb basket unit of account (currencies);
• Währungskredit foreign currency loan;
• Währungskrise monetary (currency) crisis, crisis in the money market;
• feste Währungskurse pegged exchange rates;
• Währungslage monetary situation;
• Währungsmacht (EU) monetary power;
• Währungsmanipulation, Währungsmanöver currency manipulation;
• Währungsmaßnahmen monetary measures;
• Währungsmechanismus monetary system;
• Währungsneuordnung monetary (currency) reform;
• Währungsoption currency option;
• Währungsorgan monetary body;
• Währungspanik money panic;
• Währungsparität equivalence of exchange, par value (parity) of a currency;
• seine Währungsparität langsam ändern to crawl one’s parity;
• Währungsparität neu festsetzen to re-establish the parity;
• Währungspolitik currency (monetary) policy;
• deflatorische Währungspolitik deflationary policy. -
19 валутен
currency (attr.); monetaryвалутен курс a rate of exchangeвалутна операция a currency transaction* * *валу̀тен,прил., -на, -но, -ни currency (attr.); monetary; \валутенен борд currency board; \валутенен контрол exchange control; \валутенен курс rate of exchange; \валутенен лев и пр. foreign currency lev, etc.; \валутенен паритет parity of exchange, exchange parity; \валутенен съюз monetary union; \валутенна операция currency transaction; \валутенни въпроси monetary matters; \валутенни колебания currency movements; плаващ \валутенен курс floating exchange rate.* * *currency; monetary; валутен курс - rate of exchange* * *1. currency (attr.);monetary 2. ВАЛУТЕН курс a rate of exchange 3. валутна операция a currency transaction -
20 Umrechnungskurs
m WIRTS. exchange rate, rate of exchange* * *der Umrechnungskursconversion rate* * *Ụm|rech|nungs|kursmexchange or conversion rate, rate of exchange* * *Um·rech·nungs·kursm BÖRSE exchange rateamtlicher \Umrechnungskurs official exchange ratezum \Umrechnungskurs von... at the parity of...* * *der exchange rate* * ** * *der exchange rate* * *m.rate of exchange n.
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