-
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 put-call-forward exchange parity
Stock Exchange: PCFPУниверсальный русско-английский словарь > put-call-forward exchange parity
-
3 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
-
4 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. -
5 Natural Parity Exchange
Physics: NPEУниверсальный русско-английский словарь > Natural Parity Exchange
-
6 Unnatural Parity Exchange
Physics: UPEУниверсальный русско-английский словарь > Unnatural Parity Exchange
-
7 nilai tukar mata uang sah
parity of exchange -
8 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 -
9 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 -
10 Wechselkursparität
Wechselkursparität f BANK exchange rate parity, parity of exchange • Wechselkursparität herstellen BÖRSE bring parity* * * -
11 Kursparität
Kursparität f BANK parity of exchange* * *f < Bank> parity of exchange* * *Kursparität
equivalence (parity) of exchange, exchange parity;
• Kurspeilung vornehmen (Schiff) to take one’s bearing;
• Kurspflege supporting purchases;
• Kursregulierung price regulation, (für Anleihen) price support;
• Kursrisiko price (foreign-exchange) risk, exchange exposure, risk of exchange. -
12 parité
parité [paʀite]feminine noun* * *The law of parité, passed in early 2000, stipulates that political parties should put forward an equal number of male and female candidates at all elections, from municipal to European levels. Parties failing to comply are subject to financial penalties which take the form of a reduction in their public funding. The law however only applies to communes with over 3500 inhabitants* * *paʀite nf1) (parité hommes-femmes) male-female parity, equal numbers of men and womenla parité hommes-femmes — male-female parity, equal numbers of men and women
2) ÉCONOMIE parity* * *parité nf2 ( en politique) male-female parity.parité du change parity of exchange.ⓘ Parité The law of parité, passed in early 2000, stipulates that political parties should put forward an equal number of male and female candidates at all elections, from municipal to European levels. Parties failing to comply are subject to financial penalties which take the form of a reduction in their public funding. The law however only applies to communes with over 3500 inhabitants.[parite] nom féminin1. [concordance - entre des rémunérations] parity, equality ; [ - entre des monnaies, des prix] parity ; [ - entre des concepts] comparability -
13 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 -
14 монетный паритет
1) General subject: mint parity2) Economy: mint par of exchange (отношение металлического содержания денежных единиц двух стран), mint parity (см. mint par of exchange)3) Diplomatic term: coinage ratio4) Banking: mint parity of exchange5) Business: mint ratio -
15 валюта валют·а
эк.обесценивать валюту — to depreciate / to devalue the currency
обменивать валюту на золото — to redeem (the) currency in gold
иностранная валюта — foreign currency, (foreign) exchange
получать / приобретать иностранную валюту — to secure foreign currency
недостаток иностранной валюты — foreign exchange gap / stringency
поступления иностранной валюты — (foreign) exchange earnings
клиринговая валюта, валюта клиринга — agreement / clearing currency
ключевая валюта — key / vehicle currency
конвертируемая — (обратимая, твёрдая) валюта convertible / hard currency
свободно конвертируемая валюта — freely convertible currency / exchange
локальная / местная валюта, валюта данной страны — domestic / home / local currency
"мягкая" валюта — soft currency
конвертировать переводные рубли в национальную валюту — to convert / to transfer roubles into national currency
неконвертируемая / необратимая валюта — inconvertibie / nonconvertible / soft currency
"плавающая" валюта — floating currency
верхний допустимый предел взаимного отклонения курсов совместно плавающих (европейских) валют — joint float ceiling
резервная валюта (выполняющая роль международного расчётного и резервного средства) — reserve currency
валюта, курс которой "привязан" к валюте другой страны — pegged currency
валюта, на которой базируется валютная оговорка — reference currency
валюта, полученная от продажи нефти — petro- / petroleum currency
валюта, "привязанная" к доллару — currency pegged to dollar
единица валюты — unit of currency, monetary unit
запасы / резервы валюты — currency reserves
курс валюты — rate of exchange, exchange rate
прекратить операции по обмену валют — to close foreign exchange / currency markets
паритет валюты — par / parity of exchange
перевод / пересчёт валюты — conversion of currency
покупательная сила / покупательная способность валюты — purchasing power of' currency
согласованное колебание / "плавание" валют — concerted float
товары, являющиеся источником поступления твёрдой валюты — currency earning commodities
-
16 валютный паритет
par of exchange, parity of exchange, monetary parity -
17 равенство
сequality; parityра́венство поло́в — equality between the sexes, sexual equality
ра́венство в опла́те — equality in pay, parity of pay
ра́венство возмо́жностей — equality of opportunity
ра́венство ку́рса эк — parity of exchange
ра́венство спро́са и предложе́ния — equation of demand and supply, market-clearing equation
доби́ться/дости́чь ра́венства — to attain/to achieve equality
-
18 Wechselnehmer
Wechselnehmer
taker (payer) of a bill, payee;
• Wechselnotierungen foreign-exchange rates;
• Wechselobligationen convertible bonds;
• Wechselobligo discount ledger, bill diary, (Bilanz) discounts outstanding (Br.), bills payable (US);
• Wechselobligo aus Akzeptverbindlichkeiten der Kundschaft customers’ liabilities on account of acceptances;
• Wechselobligobuch bill book (diary), discount (bill discounted, US, liability) ledger;
• Wechselordnung Bills of Exchange Act (Br.), [etwa] Uniform Negotiable Instrument Act (US);
• Wechselparität parity of exchange;
• feste Wechselparität mint par of exchange, comparative bullion content (Br.);
• Wechselpensionsgeschäft pledging of bills;
• Wechselportefeuille portfolio of bills, bills in hand, billholdings, bill case (Br.);
• Wechselprima first [of exchange];
• Wechselprolongation renewal (prolongation) of a bill of exchange, extension of note. -
19 Wechselparität
Wechselparität
parity of exchange -
20 paridad
paridad, tasa de cambionfparity n, exchange rate n
См. также в других словарях:
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
parity — I noun alikeness, analogy, approximation, balance, close correspondence, coequality, comparability, comparison, correlation, correspondence, equability, equality, equation, equilibrium, equipoise, equivalence, equivalency, identical value,… … Law dictionary
parity — parity1 /par i tee/, n. 1. equality, as in amount, status, or character. 2. equivalence; correspondence; similarity; analogy. 3. Finance. a. equivalence in value in the currency of another country. b. equivalence in value at a fixed ratio between … Universalium
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
parity — For convertibles, level at which a convertible security s market price equals the aggregate value of the underlying common stock; value/worth of the convertible bond considered only as an equity instrument ( conversion ratio times common price).… … Financial and business terms
Parity of a permutation — Permutations of 4 elements Odd permutations have a green or orange background. The numbers in the right column are the inversion numbers (sequence … Wikipedia
Parity — 1. In general, a situation of equality. Parity can occur in many different contexts, but it always means that two things are equal. 2. The official value. 3. In an exchange market, when all brokers bidding for the same security have equal… … Investment dictionary
Parity Price — When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles the price at which a convertible security equals the value of the underlying stock. 2. Options when an option is trading at its… … Investment dictionary
parity — [[t]pæ̱rɪti[/t]] parities 1) N UNCOUNT If there is parity between two things, they are equal. [FORMAL] Women have yet to achieve wage or occupational parity in many fields... Italy wanted naval parity with France. Syn: equality 2) N VAR If there… … English dictionary
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 — 1) An equality between prices of commodities, currencies, or securities on separate markets. 2) A fixed exchange rate. 3) Another term for par value … Big dictionary of business and management