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CFA Level 1 Economics
·
Module 12
Currency Exchange Rates
1
Understanding Exchange Rates: Nominal, Real, and Quotations
Define nominal and real exchange rates and convert between direct and indirect quotes.
2
Calculating Currency Cross-Rates
Calculate a currency cross-rate from two exchange rate quotes.
3
Understanding Spot and Forward Exchange Rates
Distinguish between spot and forward exchange rates and calculate forward premiums or discounts.
4
Exchange Rate Regimes
Describe exchange rate regimes: fixed, floating, and managed float.
5
Short-Run and Long-Run Exchange Rate Determinants
Explain the determinants of exchange rates in the short run and long run.
6
Purchasing Power Parity & the International Fisher Effect
Explain the concepts of purchasing power parity (PPP) and the international Fisher effect.
7
Exchange Rates: Trade and Capital Impacts
Analyze the impact of exchange rate movements on international trade and capital flows.
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