The Foreign Exchange Market: Structure and Operations
After studying this chapter, you should be able to:
- Gain insight into developments in the world economy that have influenced the foreign exchange market.
- Delve into the nature and functions of the foreign exchange market.
- Understand the dynamics of foreign exchange rates.
- Gain knowledge in the trading mechanism in the foreign exchange market.
- Understand the implications of cross rates.
- Explain the process of arbitraging.
- Explain the concept of foreign exchange swaps.
- Understand the relationship between forward rates and future spot rates.
- Know the major communication networks for foreign exchange transactions.
- Gain an overview of the foreign exchange ...