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  2. Exchange rate - Wikipedia

    en.wikipedia.org/wiki/Exchange_rate

    The future exchange rate is reflected into the forward exchange rate stated today. In our example, the forward exchange rate of the dollar is said to be at a discount because it buys fewer Japanese yen in the forward rate than it does in the spot rate. The yen is said to be at a premium. UIRP showed no proof of working after the 1990s.

  3. Exchange-rate pass-through - Wikipedia

    en.wikipedia.org/wiki/Exchange-rate_pass-through

    Suppose that the US imports widgets from the UK. The widgets cost $10 and £1 costs $1. Then the British Pound appreciates against the dollar and now £1 costs $1.50. Also suppose that the widgets now cost $12.5 There has been a 50% change in the exchange rate and a 25% change in price. The exchange rate pass-through is

  4. Nigerian naira - Wikipedia

    en.wikipedia.org/wiki/Nigerian_naira

    The Black-Market exchange rate of the naira to the U.S. dollar is approximately ₦752.50 per 1 US dollar. According to a recent report by Naija News, the parallel market exchange rate of the naira to the U.S. dollar is around ₦1483 per 1 USD, significantly higher than the official Central Bank of Nigeria rate. This disparity highlights ...

  5. Foreign exchange market - Wikipedia

    en.wikipedia.org/wiki/Foreign_exchange_market

    The foreign exchange market ( forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.

  6. Economy of Nigeria - Wikipedia

    en.wikipedia.org/wiki/Economy_of_Nigeria

    Figures are inflation-adjusted to 2011 International Geary-Khamis dollars. The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [29] [30] It is ranked as the 53rd-largest economy in the world in terms of ...

  7. Foreign exchange risk - Wikipedia

    en.wikipedia.org/wiki/Foreign_exchange_risk

    Stranded asset. v. t. e. Foreign exchange risk (also known as FX risk, exchange rate risk or currency risk) is a financial risk that exists when a financial transaction is denominated in a currency other than the domestic currency of the company. The exchange risk arises when there is a risk of an unfavourable change in exchange rate between ...

  8. Effective exchange rate - Wikipedia

    en.wikipedia.org/wiki/Effective_exchange_rate

    It defines the effective exchange rate as the ratio of the "normalized Exchange Value of Currency i against the US dollar" to the normalized exchange value of the "benchmark currency basket" against the US dollar. The US dollar is here used as numeraire for convenience, and since it cancels out, in principle any other currency can be used ...

  9. Currency pair - Wikipedia

    en.wikipedia.org/wiki/Currency_pair

    A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR / USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency). This means that 1 Euro can be exchangeable to 1.25 US Dollars.

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