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1 rate of exchange
the relative values of the currencies of two or more countries:قيمَة التَّبْديلI want to change some dollars into francs – what is the rate of exchange?
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2 exchange
[ɪksˈtʃeɪndʒ]1. verb1) to give, or give up, in return for something else:يَسْتَبْدِلCan you exchange a dollar note for two 50-cent pieces?
2) to give and receive in return:يُبادِلThey exchanged amused glances.
2. noun1) the giving and taking of one thing for another:مُقايَضَه، مُبادَلَهAn exchange of opinions is helpful.
2) a conversation or dispute:تَراشُق بالكَلام، تَبادُل كلام غاضِبAn angry exchange took place between the two brothers when their father's will was read.
3) the act of exchanging the money of one country for that of another.اسْتِبْدال، صَرْف4) the difference between the value of money in different countries:سِعْر الصَّرْف، سِعْر التَّبادُلWhat is the rate of exchange between the U.S. dollar and the yen?
5) a place where business shares are bought and sold or international financial dealings carried on.مَرْكِز التَّبادُل التِّجاري، بورْصَه6) ( also telephone exchange) a central telephone system where lines are connected.مَقْسَم هاتِفي، سِنْترال -
3 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 -
4 rate
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5 exchange rate
Finthe rate at which one country’s currency can be exchanged for that of another -
6 rate
سِعْر \ price: the amount of money for which sth. is bought or sold: The price is marked on the tin. There has been an increase in price. quotation: a statement of price: I asked the builder for a quotation for doing the work. rate: the measure of one amount in relation to another: What is the exchange rate of dollars and pounds?. value: worth (in usefulness or in money): That jewel is of great value. A lock has no value without its key. \ See Also قيمة (قِيمَة) -
7 exchange equalization account
Econthe Bank of England account that sells and buys sterling for gold and foreign currencies to smooth out fluctuations in the exchange rate of the British poundThe ultimate business dictionary > exchange equalization account
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8 exchange rate spread
(U.K.) Finthe difference between the price at which a broker or other intermediary buys and sells foreign currency -
9 exchange rate parities
Finrelationships between the values of various currencies -
10 cross-rate
Econthe rate of exchange between two currencies expressed in terms of the rate of exchange between them and a third currency, for example, sterling and the peso in relation to the dollar -
11 multiple exchange rate
Fina two-tier rate of exchange used in certain countries where the most advantageous rate may be for tourists or for businesses proposing to build a factory -
12 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
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13 nominal exchange rate
Finthe exchange rate as specified, without adjustment for transaction costs or differences in purchasing power -
14 spot exchange rate
Finthe exchange rate used for immediate currency transactions -
15 foreign exchange option
Fina contract which, for a fee, guarantees a worst-case exchange rate for the future purchase of one currency for another. Unlike a forward transaction, the option does not obligate the buyer to deliver a currency on the settlement date unless the buyer chooses to. These options protect against unfavorable currency movements while allowing retention of the ability to participate in favorable movements. -
16 closing rate
Finthe exchange rate of two or more currencies at the close of business of a balance sheet date, for example at the end of the financial year -
17 Ruble Dollar Exchange Rate
Sakhalin energy glossary: RUD (internally accepted within the Shell Group)Универсальный русско-английский словарь > Ruble Dollar Exchange Rate
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18 interest rate swap
Finan exchange of two debt instruments with different rates of interest, made to tailor cash flows to the participants’ different requirements -
19 вексельный курс
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20 вексельный курс
Русско-Английский новый экономический словарь > вексельный курс
См. также в других словарях:
rate of exchange — The rate according to which the money of one country is exchanged for the money of another, for example, the number of American dollars to be received for an English pound … Ballentine's law dictionary
deposit linked to the rate of exchange — type of bank account that is adjusted according to the trading value of a monetary unit … English contemporary dictionary
rate of exchange — rates of exchange N COUNT A rate of exchange is the same as an exchange rate. ...four thousand dinars about four hundred dollars at the official rate of exchange. Syn: exchange rate … English dictionary
rate of exchange — UK / US noun [countable] Word forms rate of exchange : singular rate of exchange plural rates of exchange the exchange rate … English dictionary
rate of exchange — /ˌreɪt əv ɪks tʃeɪndʒ/ noun same as exchange rate ● The current rate of exchange is $1.60 to the pound … Dictionary of banking and finance
rate of exchange — exchange rate The price of one currency in terms of another. It is usually expressed in terms of how many units of the home country s currency are needed to buy one unit of the foreign currency. However, in some cases, notably in the UK, it is… … Big dictionary of business and management
rate of exchange — rate of ex change n the ↑exchange rate … Dictionary of contemporary English
rate of exchange — rate of ex change noun count the EXCHANGE RATE … Usage of the words and phrases in modern English
rate of exchange — noun the charge for exchanging currency of one country for currency of another • Syn: ↑exchange rate • Hypernyms: ↑rate, ↑charge per unit * * * noun, pl rates of exchange [count] : ↑exchange rate … Useful english dictionary
rate of exchange — noun (C) the exchange rate … Longman dictionary of contemporary English
rate of exchange — Date: circa 1741 the amount of one currency that will buy a given amount of another … New Collegiate Dictionary
