Exchange Rates

Quotation

• Direct: Đồng tiền trong nước trên mỗi đơn vị ngoại tệ
• Indirect: Ngoại tệ trên mỗi đơn vị đồng tiền trong nước

Cross Rates

$\frac{A}{C}=\frac{A}{B}\times \frac{B}{C}$

Covered Interest Rate Parity

$\frac{F}{S}=\frac{1+r_{price}}{1+r_{base}}$

Forward Premium/Discount

$\frac{F-S}{S}\times \frac{360}{days}$

Exchange Rate Regimes

• Fixed (pegged), floating, managed float, currency board

Related Pages

• M07: Capital Flows and FX
• M08: Exchange Rate Calculations
• International Economics Formulas