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1 exchange rate change
Экономика: изменение валютного курса -
2 exchange-rate change
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3 exchange rate change
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4 change in the exchange rate
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5 exchange rate
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6 Exchange Rate Mechanism
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7 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 -
8 exchange rate
банк., бірж. валютний курс; обмінний курс; обмінний курс валюти; курс валюти; курс обміну; біржовий курсціна (price) на певний час, за якою обмінюють грошову одиницю однієї країни на грошову одиницю іншої країни; ♦ існують дві системи встановлення валютного курсу: 1) система фіксованого валютного курсу (fixed exchange rate system), згідно з яким уряд встановлює ціну своєї валюти відповідно до рівня іншої валюти; 2) система плаваючого валютного курсу (floating exchange rate system), який постійно коливається на міжнародному валютному ринку відповідно до купівлі та продажу валюти на даний час═════════■═════════central exchange rate центральний валютний курс; clearing exchange rate розрахунковий валютний курс; closing exchange rate валютний курс у період закриття біржі; current exchange rate валютний курс дня • поточний валютний курс; double exchange rate подвійний валютний курс; effective exchange rate ефективний валютний курс; equilibrium exchange rate валютний курс рівноваги; fair exchange rate задовільний валютний курс • сприятливий валютний курс; favourable exchange rate сприятливий валютний курс; fixed exchange rate фіксований валютний курс; flexible exchange rate гнучкий валютний курс; floating exchange rate плаваючий валютний курс; fluctuating exchange rate валютний курс, який коливається • нестійкий валютний курс • хиткий валютний курс; forced exchange rate примусовий валютний курс; foreign exchange rate валютний курс; forward exchange rate валютний курс за угодою на строк; free exchange rate коливкий валютний курс • хиткий валютний курс; high exchange rate високий курс валюти • високий обмінний курс; low exchange rate низький курс валюти • низький обмінний курс; multiple exchange rates множинні валютні курси; official exchange rate офіційний валютний курс; opening exchange rate валютний курс у період відкриття біржі; par exchange rate валютний паритет; pegged exchange rate штучно підтримуваний валютний курс • валютний курс, прив'язаний до іншої валюти; real exchange rate реальний валютний курс; stable exchange rate стійкий валютний курс; steady exchange rate стійкий валютний курс; two-tie exchange rate подвійний валютний курс; variable exchange rate валютний курс, який коливається • нестійкий валютний курс═════════□═════════to alter the exchange rate змінювати/змінити валютний курс; to change the exchange rate змінювати/змінити валютний курс; to fix the exchange rate закріплювати/закріпити валютний курс; to increase the exchange rate збільшувати/збільшити валютний курс; to lower the exchange rate зменшувати/зменшити валютний курсexchange rate:: rate of exchange:: foreign exchange rate:: foreign currency exchange rate▹▹ devaluation* * *валютний курс; обмінний курс -
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 change in the exchange rate
spot rate — курс по кассовым сделкам; курс по сделкам спот
English-Russian base dictionary > change in the exchange rate
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11 exchange rate
ex·'change rate nWechselkurs m, Devisenkurs m;\exchange rate parity Wechselkursparität f;\exchange rate stability Wechselkursstabilität f;\exchange rate swap Wechselkurstauschgeschäft nt -
12 exchange rate adjustment
A modification to a converted monetary amount when the exchange rate between the quotation unit and the base unit change. -
13 exchange rate fluctuations
1. курсовые колебания2. курсовое колебаниеEnglish-Russian base dictionary > exchange rate fluctuations
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14 exchange rate
ex.change rate[ikst8'eind9 reit] n taxa de câmbio. -
15 exchange rate
Fin. taux de change; cours des devises; cours de changeEnglish-French dictionary of law, politics, economics & finance > exchange rate
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16 Exchange Rate Mechanism
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17 Exchange Rate Mechanism
Ex·change Rate 'Mecha·nism nWechselkursmechanismus mEnglish-German students dictionary > Exchange Rate Mechanism
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18 exchange rate mechanism
Fin. mécanisme de changeEnglish-French dictionary of law, politics, economics & finance > exchange rate mechanism
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19 exchange rate volatility
Fin. volatilité des taux de changeEnglish-French dictionary of law, politics, economics & finance > exchange rate volatility
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20 exchange rate
noun taux m de change
См. также в других словарях:
Exchange rate — The price of one country s currency expressed in another country s currency. The New York Times Financial Glossary * * * exchange rate exˈchange rate noun [countable] FINANCE the price at which one currency can be bought with another: • If the… … Financial and business terms
exchange rate — The price of one country s currency expressed in another country s currency. Bloomberg Financial Dictionary * * * exchange rate exˈchange rate noun [countable] FINANCE the price at which one currency can be bought with another: • If the yen… … Financial and business terms
Exchange rate — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime Markets Foreign exchange market Futures… … Wikipedia
Exchange Rate Mechanism — ( ERM) The methodology by which members of the EMS maintain their currency exchange rates within an agreed upon range with respect to other member countries. Bloomberg Financial Dictionary * * * Exchange Rate Mechanism Exˈchange Rate ˌMechanism… … Financial and business terms
exchange rate */ — UK / US noun [countable] Word forms exchange rate : singular exchange rate plural exchange rates the value of the money of one country when you change it into the money of another country … English dictionary
exchange rate — valiutos kursas statusas Aprobuotas sritis buhalterinė apskaita ir finansinė atskaitomybė apibrėžtis Lietuvos banko skelbiamas Lietuvos Respublikos piniginio vieneto ir užsienio valiutos santykis. atitikmenys: angl. currency rate; exchange rate;… … Lithuanian dictionary (lietuvių žodynas)
exchange rate mechanism — ex change rate .mechanism n [U] ERM a system for controlling the exchange rate between the money of one country and that of another … Dictionary of contemporary English
exchange rate — ex change rate n the value of the money of one country compared to the money of another country ▪ a more favourable exchange rate … Dictionary of contemporary English
exchange rate — ex change ,rate noun count * the value of the money of one country when you change it into the money of another country … Usage of the words and phrases in modern English
exchange rate risk — Also called currency risk; the risk that an investment s value will change because of currency exchange rates. Bloomberg Financial Dictionary … Financial and business terms
Fixed exchange-rate system — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibil … Wikipedia