Exchange Rate (Term)

Added: 23.03.10 11:04 by: dimas  + add info

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Exchange Rate

 

 

 

 

In finance, the exchange rates (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. It is the value of a foreign nation’s currency in terms of the home nation’s currency. For example an exchange rate of 91 Japanese yen (JPY, ¥) to the United States dollar (USD, $) means that JPY 91 is worth the same as USD 1. The foreign exchange market is one of the largest markets in the world. By some estimates, about 3.2 trillion USD worth of currency changes hands every day.

The spot exchange rate refers to the current exchange rate. The forward exchange rate refers to an exchange rate that is quoted and traded today but for delivery and payment on a specific future date.

 

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Term

 

Exchange Rate

 

 

Concept

 

Fractal

 

 

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fractal analysis is often used to predict probabilities for exchange rate fluctuations.

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Term

 

Exchange Rate

 

 

Process

 

Stochastic Process

 

 

Relationship description

Familiar examples of processes modeled as stochastic time series include stock market and exchange rate fluctuations

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linked by dimas on 23.03.10 and 0 more users

 

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