Foreign Exchange Markets in the United States |
Contents
Role of Central Banks | 16 |
The Commercial Bank Trading Function | 22 |
Computing Foreign Exchange Profits and Losses | 32 |
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Common terms and phrases
abroad amount assets bank's banks trade bid-offer spreads bids and offers brokers market buy or sell called Canadian dollar central bank commercial banks corporate customer cost coun counterparty countries country's credit risk crossrate dealer dealing banks deposit direct dealing domestic currency economic Eurocurrency Eurodollar exchange rate movements exchange rate risk export exposure Federal Reserve Bank foreign banks foreign currency foreign ex foreign exchange book foreign exchange brokers Foreign Exchange Markets foreign exchange transactions forward contracts forward rate forward transactions French francs funds German marks important interbank market interest rate parity intervened investment Japanese yen major currencies market makers maturity gap ment Mexican peso million mismatches monetary open positions operations outright forward percent purchases quotations relative rency response sell a currency short-term spot and forward spot rate swap transactions Swiss franc tion trading room turnover two-way prices U.S. banks value date York bank