Exchange Rates Currency band Exchange rate Exchange rate regime Fixed exchange rate Floating exchange rate Linked exchange rate In finance, the exchange rate (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. ... Image File history File links Forex. ... The currency band is a system of exchange rates by which a floating currency is backed by hard money. ... The exchange rate regime is the way a country manages its currency in respect to foreign currencies and the foreign exchange market. ... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... A floating exchange rate or a flexible exchange rate is a type of exchange rate regime wherein a currencys value is allowed to fluctuate according to the foreign exchange market. ... A linked exchange rate system is a type of exchange rate regime to link the exchange rate of a currency to another. ...
Markets Foreign exchange market Futures exchange The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. ... A futures exchange, or futures and options exchange is a corporation or mutual organization which provides the facilities to trade derivatives such as futures contracts and options. ...
Products Currency Currency future Forex swap Currency swap Foreign exchange option A currency future, also FX future or foreign exchange future, is a futures contract to exchange one currency for another at a specified date in the future at a price (exchange rate) that is fixed on the last trading date. ... A Forex swap is an over the counter short term interest rate derivative instrument. ... A currency swap is a foreign exchange agreement between two parties to exchange a given amount of one currency for another and, after a specified period of time, to give back the original amounts swapped. ... In finance, a foreign exchange option (commonly shortened to just FX option) is a derivative where the owner has the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date. ...
See also Bureau de Change A Bureau de Change is an organisation or facility which allows customers to exchange one currency for another. ...
Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents.
Common foreign exchange controls include:
Banning the use of foreign currency within the country
Banning locals from possessing foreign currency
Restricting currency exchange to government-approved exchangers
Fixed exchange rates
Restrictions on the amount of currency that may be imported or exported
Countries with foreign exchange controls are also known as "Article 14 countries," after the provision in the International Monetary Fund agreement allowing exchange controls for transitional economies. The International Monetary Fund (IMF) is an international organization that oversees the global financial system by observing exchange rates and balance of payments, as well as offering financial and technical assistance when requested. ...
Without the approval of the exchangecontrol bureaus, the borrowing of foreign exchanges in and outside the bonded areas by the in-area enterprises should not be settled.
After liquidation, foreign exchange belonging to overseas investors may be remitted overseas after approval; foreign exchange belonging to Chinese investors shall be transferred outside the bonded areas and handled in accordance with regulations on exchangecontrol outside the bonded areas.
Exchangecontrol bureaus inside the bonded areas may formulate detailed rules for the implementation of these set of procedures to be put into force after being reported to and approved by the State Administration of ExchangeControl.
Without the approval of the exchangecontrol bureaus, the borrowing of foreign exchanges in and outside the bonded areas by the in-area enterprises should not be settled.
After liquidation, foreign exchange belonging to overseas investors may be remitted overseas after approval; foreign exchange belonging to Chinese investors shall be transferred outside the bonded areas and handled in accordance with regulations on exchangecontrol outside the bonded areas.
Exchangecontrol bureaus inside the bonded areas may formulate detailed rules for the implementation of these set of procedures to be put into force after being reported to and approved by the State Administration of ExchangeControl.
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