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1 exchange-rate parity
Englisch-Deutsch Fachwörterbuch der Wirtschaft > exchange-rate parity
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2 exchange rate parity
см. currency parityEnglish-russian dctionary of diplomacy > exchange rate parity
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3 exchange rate parity
фин. валютный паритет ( официально зафиксированный курс между двумя валютами)See:par value 2)
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валютный паритет: официально зафиксированный курс между двумя валютами.* * * -
4 exchange rate parity
Экономика: валютный паритет -
5 exchange rate parity
parité f du change -
6 exchange rate parity
English-russian dctionary of contemporary Economics > exchange rate parity
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7 exchange rate parity
The new English-Russian dictionary of financial markets > exchange rate parity
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8 exchange rate
фин. обменный [валютный\] курс (цена одной денежной единицы, выраженная в денежных единицах другой страны)COMBS:
exchange rate between the US dollar and the British pound — обменный курс между американским долларом и британским фунтом
Syn:See:bilateral exchange rate, black market exchange rate, central exchange rates, double exchange rate, dual exchange rate, effective exchange rate, equilibrium exchange rate, fixed exchange rate, fixed-but-adjustable exchange rate, floating exchange rate, flexible exchange rate, foreign exchange rate, forward exchange rate, free exchange rate, green exchange rate, historical exchange rate, multilateral exchange rate, multiple exchange rate, nominal exchange rate, official exchange rate, parallel exchange rate, pegged exchange rate, purchasing power parity exchange rate, real exchange rate, semi-fixed exchange rate, single exchange rate, spot exchange rate, trade-weighted exchange rate, exchange rate agreement, exchange rate anchor, exchange rate band, exchange rate classification, exchange rate exposure, exchange rate futures, exchange rate gain, exchange rate index, exchange rate loss, Exchange Rate Mechanism, Exchange Rate Mechanism II, exchange rate overshooting, exchange rate parity, exchange rate peg, exchange rate policy, exchange rate risk, exchange rate spread, exchange rate stabilization, exchange rate targeting, exchange rate union, decline in exchange rate, hedging exchange rate exposure, intermediate exchange rate regime, par exchange rate, principal exchange rate linked securities, Annual Report on Exchange Arrangements and Exchange Restrictions, currency quotation, base currency, quoted currency, cross rate, peg 1. 3), adjustable peg, crawling peg, managed float, dirty float, clean float, optimum currency area, target zone, par value, exchange risk, exchange gain, exchange loss, base currency, quoted currency, assets approach, monetary approach, foreign investment rule, interest rate parity, Fisher effect, International Fisher effect, spot rate, forward rate
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валютный (обменный) курс: цена одной денежной единицы, выраженная в денежных единицах другой страны (обычно за 1, 100 или 1000 единиц); цена, по которой обмениваются денежные единицы разных стран (в прошлом - также на золото); формируется на рынке или устанавливается в административном порядке; см. fixed exchange rate;* * *. Цена национальной валюты, выраженная через валюту другой страны . Инвестиционная деятельность .* * *Финансы/Кредит/Валютацена денежной единицы одной страны, выраженная в денежных единицах других стран -
9 exchange rate
ex·ˈchange raten Wechselkurs m, Devisenkurs m, Währungskurs mofficial \exchange rate amtlicher Umrechnungskurs\exchange rate adjustment Devisenkursanpassung f\exchange rate assessment Wechselkursbeurteilung f\exchange rate development Devisenkursentwicklung f\exchange rate fluctuations Wechselkursschwankungen pl\exchange rate model Wechselkursmodell nt\exchange rate parity Wechselkursparität f\exchange rate policy Wechselkurspolitik f\exchange rate stability Wechselkursstabilität f\exchange rate system Wechselkurssystem nt\exchange rate swap Wechselkurstauschgeschäft nt* * *exchange rate mechanism Wechselkursmechanismus m* * *n.Kurs -e m.Wechselkurs m. -
10 exchange rate
ex·'change rate nWechselkurs m, Devisenkurs m;\exchange rate parity Wechselkursparität f;\exchange rate stability Wechselkursstabilität f;\exchange rate swap Wechselkurstauschgeschäft nt -
11 exchange rate
межд. эк., фин. обменный [валютный] курс (цена одной денежной единицы, выраженная в денежных единицах другой страны)exchange rate between the US dollar and the British pound — обменный курс между американским долларом и британским фунтом
Syn:See:base currency, quoted currency, cross rate, fixed exchange rate, pegged exchange rate, floating exchange rate, adjustable peg, fixed-but-adjustable exchange rate, crawling peg, managed float, dirty float, clean float, optimum currency area, target zones, exchange rate band, par value, exchange risk, exchange gain, exchange loss, base currency, quoted currency, real exchange rate, official exchange rate, effective exchange rate, real effective exchange rate, multiple exchange rate, interest rate parity, International Fisher effect, spot rate, forward rateThe new English-Russian dictionary of financial markets > exchange rate
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12 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 -
13 parity of exchange rate
1.соотношение валют стран ЕС и ЭКЮ2. выявление соотношения покупательной способности сравниваемых валют по определенной номенклатуре товаров и услуг3. соотношение между валютами, устанавливаемое в законодательном порядкеАнгло-русский экономический словарь > parity of exchange rate
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14 unpegged exchange rate
option rate — курс премий; размер премий
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15 fixed exchange rate
option rate — курс премий; размер премий
English-Russian big medical dictionary > fixed exchange rate
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16 equilibrium exchange rate
эк. равновесный валютный курса) (курс, образующийся в результате достижения равенства спроса и предложения на валюту на нерегулируемом валютном рынке)б) (курс, соответствующий паритету покупательной способности)See:в) (курс, обеспечивающий одновременную устойчивость внутреннего и внешнего баланса)See:
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валютный курс равновесия: курс, соответствующий паритету покупательной способности и др. факторам.Англо-русский экономический словарь > equilibrium exchange rate
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17 purchasing power parity exchange rate
сокр. PPP exchange rate межд. эк., фин. валютный курс по паритету покупательной способности [по ППС, на основе ППС\] (курс обмена двух валют, который уравнивает стоимость корзины идентичных товаров в двух странах)For example, if a BigMac costs €2.75 in the countries that use Euro and costs $2.65 in US, then the PPP exchange rate would be 2.75/2.65 = 1.0377. — Например, если Биг Мак стоит 2,75 евро в странах, которые используют эту валюту, и $2,65 в США, тогда валютный курс по паритету покупательной способности должен быть равен 2,75/2,65=1,0377.
See:Англо-русский экономический словарь > purchasing power parity exchange rate
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18 fundamental equilibrium exchange rate
сокр. FEER межд. эк., фин. валютный курс фундаментального равновесия, фундаментальный равновесный валютный курс (валютный курс, при котором имеет место равновесие внешнего и внутреннего балансов, т. е. платежный баланс, государственный бюджет и реальный сектор экономики находятся в равновесии)See:
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валютный курс фундаментального равновесия: валютный курс, при котором внешние расчеты страны уравновешены (платежный баланс не имеет дефицита), если торговля не ограничивается в целях государственного регулирования и внутри страны также проводится экономический курс на сбалансированность.* * *Англо-русский экономический словарь > fundamental equilibrium exchange rate
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19 purchasing power parity exchange rate theory
Købekraftsparitetsteorien, udviklet af den svenske økonom Gustav Cassel, antager, at valutakursudviklingen afspejler forskelle i udviklingen af landenes prisniveauer. På et effektivt marked vil der være tendens til, at valutakurserne udvikler sig hen imod en ligevægt, for at konkurrenceforholdet mellem landene ikke skal forrykkes. Argumentet er, at der via under- eller overskud på handelsbalancen vil blive skabt betalingsstrømme, der vil genoprette balancen mellem pris- og valutakursudviklingen. Empirisk viser det sig, at købekraftsparitet kun eksisterer på langt sigt, og de kortsigtede afvigelser må tilskrives faktorer såsom renteudviklingen, forventningerne til den økonomiske aktivitet, politiske begivenheder m.v. Se også real exchange rate.Anglo-danske finansiel ordbog > purchasing power parity exchange rate theory
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20 real exchange rate
Den reelle valutakurs, dvs. valutakursen korrigeret for prisudviklingstendensen i forhold til udlandet. Den reelle valutakurs er et udtryk for den aktuelle afvigelse fra purchasing power parity exchange rate theory og er således et mål for et lands prismæssige konkurrenceevne i forhold til udlandet.
См. также в других словарях:
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Interest rate parity — is a no arbitrage condition representing an equilibrium state under which investors will be indifferent to interest rates available on bank deposits in two countries.[1] Two assumptions central to interest rate parity are capital mobility and… … Wikipedia
Interest Rate Parity — A theory in which the interest rate differential between two countries is equal to the differential between the forward exchange rate and the spot exchange rate. Interest rate parity plays an essential role in foreign exchange markets, connecting … Investment dictionary
Fixed exchange-rate system — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibil … Wikipedia
European Exchange Rate Mechanism — The European Exchange Rate Mechanism, ERM, was a system introduced by the European Community in March 1979, as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe, in… … Wikipedia
Uncovered Interest Rate Parity - UIP — A parity condition stating that the difference in interest rates between two countries is equal to the expected change in exchange rates between the countries’ currencies. If this parity does not exist, there is an opportunity to make a… … Investment dictionary
Covered Interest Rate Parity — This term refers to a condition where the relationship between interest rates and the spot and forward currency values of two countries are in equilibrium. As a result, there are no interest rate arbitrage opportunities between those two… … Investment dictionary
Interest rate parity theorem — Interest rate differential between two countries is equal to the difference between the forward foreign exchange rate and the spot rate. The New York Times Financial Glossary … Financial and business terms
interest rate parity theorem — Expression that the interest rate differential between two countries is equal to the difference between the forward foreign exchange rate and the spot rate. Bloomberg Financial Dictionary … Financial and business terms
parity — Equality in amount or value. Equivalence of prices of farm products in relation to those existing at some former date (base period) or to the general cost of living. Parity prices are important in establishing government price support programs… … Black's law dictionary
Parity — is a concept of equality of status or functional equivalence. It has several different specific definitions.* Parity (physics), the name of the symmetry of interactions under spatial inversion * Parity (mathematics) indicates whether a number is… … Wikipedia
