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Foreign Exchange and Currencies: Understanding Money, Exchange Rates, and Systems, Slides of Marketing Management

An in-depth exploration of foreign exchange and currencies, covering topics such as money, foreign exchange, exchange rate systems, and financial implications and strategies. Learn about hard and soft currencies, their functions, and the various exchange rate systems, including the gold standard, par value, crawling peg, and floating system. Discover the impact of devaluation on exports, employment, and consumer welfare. Explore hedging, early warning systems, leading and lagging, invoicing, pass-through costs, and other strategies in managing foreign exchange risks.

Typology: Slides

2012/2013

Uploaded on 07/29/2013

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Chapter 19
Currencies and
Foreign
Exchange
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Chapter 19

Currencies andForeignExchange

Chapter Outline 

Money 

Foreign Exchange 

Foreign Exchange Market 

Foreign Exchange Rate

-^

Currency Equilibrium

-^

Effect of Devaluation

Chapter Outline 

Financial Implications and Strategies

-^

Early Warning Systems

-^

Hedging

-^

Leading and Lagging

-^

Invoicing

-^

Pass-Through Costs

-^

Other Strategies

Money 

Hard (International) Currencies vs. SoftCurrencies 

Functions of Currency

-^

medium of exchange

-^

unit of account

-^

store of value

Foreign Exchange Rate 

Currency Equilibrium 

Effect of Devaluation

-^

Exports and Employment

-^

Imports and Consumer Welfare

Exchange Rate Systems 

Gold Standard 

Par Value (Adjustable Peg) 

Crawling Peg (Sliding or Gliding Parity) 

Wide Band 

Floating (Flexible) System

Financial Implicationsand Strategies 

Early Warning Systems 

Hedging 

Leading and Lagging 

Invoicing 

Pass-Through Costs 

Other Strategies