TTQT

1. The Barter System: hệ thống hàng đổi hàng
2. Coinage: hệ thống tiền tệ
3. European Monetary System (EMS): Hệ thống tiền tệ Châu Âu
4. Exchange Rate Mechanism (ERM): Cơ chế tỷ giá hối đoái
5. Single Currency: a unit of money that is used by more than one country
6. Foreign Exchange Exposure: rủi ro tổn thất hối đoái - the risk of losing money in fx
7. Speculator: a person who buys goods, property, money, etc. in the hope of selling them at aprofit
8. foreign exchange broker: a person or organization that buys and sells currencies for others
9. FOREIGN EXCHANGE MARKET: a global network of buyers and sellers of currencies
10. A foreign exchange transaction: a contract to exchange one currency for another currency at an agreed rate on an agreed date.
11. A spot transaction is where delivery of the currencies is two business days from the trade date (except the Canadian dollar, which is one day).
12. A forward transaction is any transaction that settles on a date beyond spot.
13. ALTERNATIVE MARKETS:
- A currency future obligates its owner to purchase a specified asset at a specified exercise price on the contract maturity date.
- An option gives the owner the right but not the obligation to buy or sell a specified quantity of a currency at a specified rate on or before a specified date.
- A foreign currency swap is where two currencies are exchanged for an agreed period of time and re-exchanged at maturity at the same exchange rate.