An exchange rate measures the value of one currency in units of another currency. As economic conditions change, exchange rates can change substantially. A decline in a currency’s value is often referred to as depreciation. When the British pound depreciates against the U.S. dollar, this means that the U.S dollar is strengthening relative to the pound. The increase in a currency value is often referred to as appreciation.
More from this Section
Euro is official currency of the participating member states introduced on January 1, 1999. Westpac does not deal in the legacy currency of
BOLERO is an electronic platform for the transmission of all trade documents developed by SWIFT and TT Club as owners
- Marketing Personnel
With greater competition today, banks have an urgent need to develop new services and to more aggressively sell existing services tasks...
- Acceptance Credit
Acceptance Credit is a documentary credit, which requires, amongst the documents stipulated, provision of a term bill of exchange.
- Call Date
Call Date is date on which a bond may be redeemed before maturity at an option of the issuer.
- Zero-coupon-for-floating swap
The Zero-coupon-for-Floating swap is a special type of interest rate swap. The fixed rate payer makes a single payment at the ...
- Bank rate policy
Bank rate (discount rate) refers to the interest rate at which the domestic banks borrow money from a nation's Central Bank based on the monetary policy of ...