(TBD) Exchange Rates

foreign exchange

• the currency of a foreign country

• the conversion of one country's currency into another

exchange rate

• the rate at which one currency will be exchanged for another

• the value of one currency expressed in terms of another

floating exchange rate system

fixed exchange rate system

managed exchange rate system

pegging exchange rates

appreciation

depreciation

revaluation

devaluation

overvalued currency

undervalued currency

demand-pull inflation

cost-push inflation

net exports

export

import

US dollar

British pound

foreign direct investment (FDI)

portfolio investment

remittances

speculation