Exchange+rates

= Exchange rates =

The **exchange rate** is the price of a currency in terms of another currency or currencies. Currencies are exchanged on the foreign exchange market (FOREX), the largest market in the world in terms of cash movements. Short and long-term movements in the exchange rate, like any price, are caused by changes in market demand and supply conditions. Introduction worksheet:

Exchange rate-introductory class notes:

Worksheet- determining an exchange rate:

Introduction to fixed and floating exchange rates: Notes on fixed and floating exchange rates:

[|Russian Central Bank forced to intervene as Rouble falls]


 * [[file:Comparing exchange rate systems.docx]]

Trading exercise:

Exchange rate worksheets 1. HL & SL:

2. HL & SL:

3. HL only: 4. HL only: