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5 Cards in this Set

  • Front
  • Back
Types of quotes (4)
Wholesale/Interbank:
American terms- $/FC
European terms- FC/$

Retail/Public:
Direct quote - HC/FC
Indirect quote - FC/HC
Participants in forex mkt (2)
Brokers - match buyers and sellers, exist to minimize transaction costs

Dealers - Buy and sell, operate in interbank mkt, profit = bid - ask spread

Speculator - buy and hold, profit over time

Arbritrageur - profit over geography
Current Account components (3)
Goods, Services, UL transfers

Credit: Exports, Interest/div/tourism to Canadians, foreign aid/pensions/remittence received
Debit: Imports, Interest/div/tourism to foreigners, foreign aid/pensions/remittence to foreigners
Capital Account components (3)
FDI, ST securities, LT securities

Credit: FDI in Canada, LT/ST securities purchased by foreigners
Debit: FDI by Canadians abroad, LT/ST securities purchased abroad
Official Reserves
IN TERMS OF FOREIGN CURRENCIES

Credit: foreign currencies lost
Debit: foreign currencies gained