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Exact(24)
"When you get to the future exchange of financial instruments, it's a whole different story".
We hope it can serve as a model for what a future exchange could look like".
The current exchange rate is determined by what the future exchange rate is expected to be.
It is routine even for smaller companies to hedge on financial markets, insuring themselves against future exchange rate movements.
But amid the uncertainties over Egypt's political and economic future, exchange officials are struggling to recruit companies, despite relaxed listing requirements.
For example, any future exchange of information with the Russians, after the Alexander Litvinenko affair, is clearly a political decision for the government.
Similar(34)
Much like the Big Mac index it could be used to assess the relative strengths of currencies and predict future exchange-rate movements.
Tibet was now closed, and mutual ignorance enshrouded future exchanges with its British neighbours in India.
"Exchanges of these kinds are extremely important," said Kevin McKenzie, the artistic director of Ballet Theater, who has also organized future exchanges with the Kirov Ballet.
Furthermore, even for investments by a London-based bank on the continent, where the lack of suitable long-bills made it difficult to hedge against future exchange-rate movements, the interest-parity condition holds reasonably well.
As implied by the interest-parity condition, and in particular when future exchange-rate movements were covered by a suitable long-bill transaction, weekly data do suggest that between Paris, Amsterdam, Berlin, Brussels, and London, the return from discounting bills of exchange in the local money market was roughly equivalent to the return from investing in foreign currency bills.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com