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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 managed rate
(U.K.) Finthe rate of interest charged by a financial institution for borrowing, that is not prescribed as a margin over base rate, but is set from time to time by the institution -
3 interest rate
Finthe amount of interest charged for borrowing a particular sum of money over a specified period of time -
4 tasa de interés de los empréstitos
• borrowing rateDiccionario Técnico Español-Inglés > tasa de interés de los empréstitos
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5 tipo de interés de los empréstitos
• borrowing rateDiccionario Técnico Español-Inglés > tipo de interés de los empréstitos
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6 заемный процент
borrowing rate, percentage for loansBanks. Exchanges. Accounting. (Russian-English) > заемный процент
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7 ссудный процент
1) Economy: interest on loan capital, loan interest, price of money, rate of interest, cost of borrowing2) Accounting: borrowing cost3) Politics: lending rates (= lending rate)4) Banking: borrowing rate, borrowing rate of interest, interest, interest rate5) Business: lading rate, lending rate, service charge on a loan -
8 Kreditzinssatz
Kreditzinssatz m BANK bank lending rate, borrowing rate* * *m < Bank> bank lending rate, borrowing rate* * *Kreditzinssatz
borrowing (interest) rate -
9 ссудный процент
Бизнес, юриспруденция. Русско-английский словарь > ссудный процент
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10 заемный
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11 Sollzinssatz
Sollzinssatz m BANK, FIN borrowing rate (Gegensatz: Habenzins = lending rate)* * *m < Bank> borrowing rate* * *Sollzinssatz
debit (debtor) interest rate -
12 ставка процента на заёмный капитал
1) Economy: borrowing rate2) Banking: borrowing percentage, borrowing rate of interestУниверсальный русско-английский словарь > ставка процента на заёмный капитал
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13 Sollzins
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14 норма процента
1. cost of borrowing2. cost of capital3. interest rate4. rate of interest -
15 норма прибыли
1. margin2. profit margin3. profit rateторговая прибыль; производственная прибыль — trading profit
4. rates of returnнорма прибыли; норма рентабельности — rate of return
5. return6. rate of return7. norm of profit8. rate of profit -
16 ссудный процент
1. interest on loan capitalпринес проценты; принесенный проценты — brought in interest
2. landing rate3. lending rate4. loan interest -
17 заёмный процент
Banking: borrowing rate, borrowing rate of interest -
18 Darlehenszinssatz
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19 Terminsollzinssatz
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20 продавать с прибылью
1. sell at a premium2. sell at a profitторговая прибыль; производственная прибыль — trading profit
Русско-английский большой базовый словарь > продавать с прибылью
См. также в других словарях:
borrowing rate — metinė vartojimo kredito palūkanų norma statusas Aprobuotas sritis civilinė teisė ir procesas apibrėžtis Palūkanų norma, išreikšta fiksuotu arba kintamu procentų dydžiu, kasmet taikomu išmokėtai vartojimo kredito daliai. atitikmenys: angl.… … Lithuanian dictionary (lietuvių žodynas)
fixed borrowing rate — fiksuotoji vartojimo kredito palūkanų norma statusas Aprobuotas sritis civilinė teisė ir procesas apibrėžtis Vartojimo kredito davėjo ir vartojimo kredito gavėjo susitarta viena vartojimo kredito palūkanų norma, nustatyta visai vartojimo kredito… … Lithuanian dictionary (lietuvių žodynas)
rate-cutting — ˈrate ˌcutting noun [uncountable] ECONOMICS the act of cutting rates, especially the rate of interest for borrowing money: • Borrowers can get lower rates by waiting until the end of the rate cutting cycle. * * * rate cutting UK US noun [U] ►… … Financial and business terms
rate — The cost of debt service paid by a borrower or issuer to a lender or investor. The rate is expressed as an annual percentage of the amount borrowed. For some notes and bonds that pay interest semiannually, the semiannual interest due to the… … Financial and business terms
rate — Proportional or relative value, measure, or degree. The proportion or standard by which quantity or .value is adjusted. Thus, the rate of interest is the proportion or ratio between the principal and interest; the buildings in a town are rated… … Black's law dictionary
rate — {{Roman}}I.{{/Roman}} noun 1 speed/frequency ADJECTIVE ▪ constant, expected, regular, steady, unchanged ▪ slow ▪ the slow rate of change … Collocations dictionary
prime rate — Interest rate charged by major banks to their most creditworthy customers. Chicago Board of Trade glossary The interest rate at which banks lend to their best ( prime ) customers. More often than not, a bank s most creditworthy (… … Financial and business terms
Prime rate — The interest rate at which banks lend to their best ( prime) customers. Much more often than not, a bank s most creditworthy customers borrow at rates below the prime rate. The New York Times Financial Glossary * * * prime rate prime rate ➔ rate1 … Financial and business terms
Australian Financial Markets Association (AFMA) Bank-Bill Reference Rate (BBSW) — The bank bill interest rate is the wholesale interbank rate within Australia and is published by the Australian Financial Markets Association (AFMA). It is the borrowing rate among the country s top market makers, and is widely used as the… … Investment dictionary
Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… … Wikipedia
Federal funds rate — In the United States, the federal funds rate is the interest rate at which depository institutions actively trade balances held at the Federal Reserve, called federal funds, with each other, usually overnight, on an uncollateralized basis.… … Wikipedia
