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101 exchange-rate pattern
Englisch-Deutsch Fachwörterbuch der Wirtschaft > exchange-rate pattern
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102 Exchange-Rate Programme
Englisch-Deutsch Fachwörterbuch der Wirtschaft > Exchange-Rate Programme
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103 exchange-rate risk
Englisch-Deutsch Fachwörterbuch der Wirtschaft > exchange-rate risk
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104 exchange-rate schedule
Englisch-Deutsch Fachwörterbuch der Wirtschaft > exchange-rate schedule
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105 exchange-rate sensitivity
Englisch-Deutsch Fachwörterbuch der Wirtschaft > exchange-rate sensitivity
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106 exchange-rate stability
Englisch-Deutsch Fachwörterbuch der Wirtschaft > exchange-rate stability
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107 exchange-rate swings
Englisch-Deutsch Fachwörterbuch der Wirtschaft > exchange-rate swings
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108 exchange-rate system
Englisch-Deutsch Fachwörterbuch der Wirtschaft > exchange-rate system
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109 exchange-rate target zone
Englisch-Deutsch Fachwörterbuch der Wirtschaft > exchange-rate target zone
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110 exchange-rate volatility
Englisch-Deutsch Fachwörterbuch der Wirtschaft > exchange-rate volatility
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111 exchange rate fluctuations
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112 Exchange Rate Mechanism
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113 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 -
114 exchange rate agreement
сокр. ERA фин. соглашение об обменном [о валютном\] курсе (производный валютный финансовый инструмент, стоимость которого на момент исполнения определяется исходя из разницы между двумя форвардными курсами, напр., между трехмесячным и полугодовым форвардными курсами)See:
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abbrev.: ERA exchange rate agreement соглашение о валютном курсе: схема валютного хеджирования, предлагаемая клиентам "Барклайз Бэнк" (производится только окончательный расчет).* * *Англо-русский экономический словарь > exchange rate agreement
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115 exchange rate classification
фин. классификация курсов валют (основой для такой классификации является метод контроля курса или его отсутствие)See:Англо-русский экономический словарь > exchange rate classification
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116 Exchange Rate Mechanism
сокр. ERM межд. эк., фин. механизм валютных курсов (система, при помощи которой члены Европейской валютной системы поддерживали обменные курсы своих валют в рамках оговоренного диапазона: фиксировались паритеты национальных валютных по отношению к ЭКЮ, и курс мог колебаться в определенных пределах от паритета; паритеты могли корректироваться по взаимному согласию всех стран-участниц системы; механизм прекратил существование в 1999 г., когда была создана новая система — "механизм валютных курсов II")See:European Monetary System, central rates а), European Currency Unit, European Monetary Cooperation Fund, Economic and Monetary Union, Exchange Rate Mechanism II
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abbrev.: ERM exchange rate mechanism курсовой механизм ЕВС: ограничение взаимных колебаний курсов большинства валют ЕВС на основе паритетной сетки и интервенций.* * *Англо-русский экономический словарь > Exchange Rate Mechanism
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117 exchange rate band
межд. эк., фин. валютный коридор (интервал, в пределах которого допускается колебание курса национальной валюты)Syn:See:The new English-Russian dictionary of financial markets > exchange rate band
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118 exchange rate classification
фин. классификация курсов валют (основой для такой классификации является метод контроля курса или его отсутствие)See:The new English-Russian dictionary of financial markets > exchange rate classification
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119 exchange rate policy
эк. курсовая политика, политика в области валютных курсов (часть экономической политики государства, связанная с выбором определенного режима валютного курса и управлением им)See:* * * -
120 exchange rate stabilization
эк. стабилизация обменного [валютного\] курса (деятельность государственных органов, направленная на недопущение нежелательного отклонения курса национальной валюты от определенного уровня или тренда; осуществляется путем приобретения или продажи запасов иностранной валюты)See:Англо-русский экономический словарь > exchange rate stabilization
См. также в других словарях:
exchange rate — ♦♦♦ exchange rates N COUNT The exchange rate of a country s unit of currency is the amount of another country s currency that you get in exchange for it … English dictionary
exchange rate — n. the rate at which the currency of one country or region can be exchanged for that of another country or region … English World dictionary
exchange rate — exchange′ rate n. ban bus the ratio at which a unit of the currency of one country can be exchanged for that of another country • Etymology: 1895–1900 … From formal English to slang
exchange rate — ► NOUN ▪ the value of one currency for the purpose of conversion to another … English terms dictionary
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 — 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 — the ratio at which a unit of the currency of one country can be exchanged for that of another country. Also called rate of exchange. [1895 1900] * * * Price of one country s money in relation to another s. Exchange rates may be fixed or flexible … Universalium
exchange rate — n. 1) to set an exchange rate 2) to apply an exchange rate * * * to apply an exchange rate to set an exchange rate … Combinatory dictionary
exchange rate — /ɪks tʃeɪndʒ reɪt/ noun 1. a rate at which one currency is exchanged for another. Also called rate of exchange 2. a figure that expresses how much a unit of one country’s currency is worth in terms of the currency of another country ▪▪▪ ‘…can… … Dictionary of banking and finance
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