Course summary (Foreign exchange market FOREX):
FOREX: Central Banks, Brokers, companies, Brokers, Hedge Funds, Investors and Speculators. Bank for international Settlements (BIS)
Objectives:
- To analyze the fundamentals of foreign exchange markets, understand their
functioning and examine some of the agents operating in these markets.
- We will also look at different methods of managing exchange risk. Forward
exchange contracts and currency options will be examined in greater detail.
The Foreign Exchange (FOREX) market is by far the largest market in the
world. The 1.5 trillion US dollars average daily turnover dwarfs the daily
turnover in all of the world’s stock and bond markets combined. The New York
Stock Exchange, for example, has a daily trading volume of approximately $30
billion. Over one trillion dollars ($1,000,000,000,000) changes hands every day
on global foreign exchange markets. More than 80% of this trading is of a
speculative nature, buying and selling money for profit’s sake.
Investing in foreign exchange remains predominantly a domain of the big
professional players in the market such as hedge funds, banks and brokers.
Example of the course Foreign exchange market (FOREX):
The
currency exchange market is a true 24-hour market, 5 days a week. There are
dealers in every major time zone. The major dealing centers today are: london
(with over 50% of the market), followed by New York, Tokyo, Zurich, Frankfurt, Hong Kong and
Singapore, Paris and Sydney. The first session, which is the
Asian
session, begins on Sunday evening at approximately 7:00 p.m. EST (Sydney). The
second session, which is the London session, begins at approximately 2:00 a.m.
EST. The third and final session, which is the New York session, begins at
approximately 7:00 a.m. EST and ends at about 5:00 p.m. EST.
The Bank for international Settlements (BIS) is an international organisation
which fosters international monetary and financial cooperation and serves as a
bank for central banks.
Currency exchange rates are determined by the currency exchange market. A
currency exchange rate is always quoted for a currency pair using ISO code
abbreviations.
Finance of
International Trade - International bonds
Foreign, exchange, market, FOREX, Currency, trading, Options, Central Banks, Brokers, companies, Brokers, Hedge Funds, Investors, Speculators, Bank, International, Settlements, BIS
International Business
Course learning materials: 
