exchange rate
appreciation
depreciation
effective exchange rate
exchange rate regimes
fixed (or pegged) exchange rate regime
floating (or flexible) exchange rate regime
free float
band
managed float
crawl
currency (or monetary) union
dollarization
currency board
foreign exchange (forex or FX) market
59
spot contract
spot exchange rate
spread
market friction
transaction cost
derivatives
forward
swap
futures
option
commercial banks
interbank trading
corporations
nonbank financial institutions
capital control
official market
black market
intervention
arbitrage
equilibrium
no-arbitrage condition
cross rate
vehicle currency
forward exchange rate
covered interest parity (CIP)
expected exchange rate
rate of return
risk
liquidity
expected rate of return
uncovered interest parity (UIP)
expected rate of depreciation
forward premium