Material Detail

"Foreign Exchange Market: An Introduction" icon

Foreign Exchange Market: An Introduction

This is a free textbook offered by BookBoon. 'It is an understatement to say that the forex markets of the world are immense. The high level of turnover indicates that the forex market is an efficient market, ie price discovery is sound. It is a quote-driven market (as opposed to an order-driven market) and it is firmly the banks’ province. They quote bid and offer rates simultaneously once the volume of the transaction is disclosed, and the quote recipient can deal either side of the quote. As in the spot forex market, the derivative forex market is efficient, allowing, for example, a company to do a large forward deal as quickly as a spot deal. The company can also do currency swaps, forward-forwards, option date forwards, and more, at the drop of a hat. In this book all aspects of the... Show More
Rate

Quality

  • User Rating
  • Comments
  • Learning Exercises
  • Bookmark Collections
  • Course ePortfolios
  • Accessibility Info

More about this material

Comments

Log in to participate in the discussions or sign up if you are not already a MERLOT member.