【学习笔记】International Finance 国际金融论研究 学习笔记-22

Part I

Basics ofInternational Finance --22

Ch5 --6

TheMarket for Foreign Exchange

The Forward Market

1.       Forward Rate Quotations

2.       Long and Short Forward Positions

3.       Forward Cross Exchange Rates

4.       Forward Premium

Forward Rate Quotations

1.     The forward marketfor FX involves agreementsto buy and sell foreign currencies in the future at prices agreed upon today.

2.     Bank quotes for 1, 3, 6, 9, and 12 month maturities arereadily available for forward contracts.