'Spot quotations' presentation slideshows

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International Finance FINA 5331 Lecture 9: Hedging currency risk Read: Chapter 7 (125-129) Aaron Smallwood Ph.D.

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Spot quotations 1. Direct quotes: DC/FC e.g. $/DM 2. Indirect quotes: FC/DC e.g. DM/$

The interbank market is the wholesale market where the major banks trade with one another. Most currency transactions occur here. The interbank market is generally referred to as the foreign exchange market. Spot market: currencies trade for immediate delivery (within 2 days of the trade)

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