职通商务英语(第二版)综合教程3电子教案 (1)Unit 6
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3. The exchange rate of GBP against RMB is higher than that of any other foreign currency.
4. The exchange rate of JPY against RMB is the lowest among all the foreign currencies.
Unit 6
HOME
Work in pairs to check the following list carefully and describe the exchange rates of different currencies to your partner, including the name, buying and selling price and time:
Unit 6
HOME
Work in pairs to check the following list carefully and describe the exchange rates of different currencies to your partner, including the name, buying and selling price and time:
1. It is the exchange rate between RMB and different currencies published by BOC (Bank of China).
2. The rates of the same currency are different among different businesses. The selling rate is the highest, while the cash buying rate is the lowest.
Unit 6
HOME
I
Lead-in
Text A: Text Analysis Practice
II
源自文库Lead-in
Text B:
Text Analysis Practice
III
Supplementary Reading
Unit 6
HOME
Work in pairs to check the following list carefully and describe the exchange rates of different currencies to your partner, including the name, buying and selling price and time:
Unit 6
HOME
Whereas there are thousands of securities on the stock market, in the FOREX market most trading takes place in only a few currencies; the U.S. Dollar ($), European Currency Unit (€), Japanese Yen (¥), British Pound Sterling (£), Swiss Franc (Sf), Canadian Dollar (Can$), and to a lesser extent, the Australian and New Zealand Dollars. These major currencies are most often traded because they represent countries with esteemed central banks, stable governments, and relatively low inflation rates.
Unit 6
HOME
(7) Historically, Forex has been dominated by inter-world investment and commercial banks, money portfolio managers, money brokers, large corporations, and very few private traders. Lately this trend has changed. (8) With the advances in internet technology, plus the industry's unique leveraging options, more and more individual traders are getting involved in the market for the purposes of speculation. While other reasons for participating in the market include facilitating commercial transactions (whether it is an international corporation converting its profits, or hedging against future price drops), and speculation for profit which has become the most popular motive for Forex trading for both big and small participants.
HOME
Unit 6
HOME
In this unit, you will learn
Text A: General introduction to foreign exchange and the features of foreign exchange market. Text B: The importance and function of foreign exchange market and the decisional factors of exchange rate. Supplementary Reading: Euao Zone is Facing a Crisis Deflation.
5. The exchange rate is published and changed in real time.
Unit 6
HOME
Foreign Exchange Market FOREX, an acronym for Foreign Exchange, is the largest financial market in the world, with an estimated $1.5 trillion in currencies traded daily. Forex provides income to millions of traders and large banks worldwide. (1)The market is so large in volume that it would take the New York Stock Exchange, with a daily average of under $20 billion, almost three months to reach the amount traded in one day on the Foreign Exchange Market. (2) Forex, unlike other financial markets, is not tied to an actual stock exchange and is an over-the-counter (OTC) or off-exchange market.
Unit 6
HOME
A trader would buy the currency which is anticipated to gain in value, or sell the currency which is anticipated to lose value against another currency. (4) The value of a currency, in the simplest explanation, is a reflection of the condition of that country's economy with respect to other major economies. Forex market does not rely on any one particular economy. (5) Whether or not an economy is flourishing or falling into a recession, a trader can earn money by either buying or selling the currency. (6) Reactive trading is the buying or selling of currencies in response to economic or political events, while speculative trading is based on a trader anticipating events.
Unit 6
HOME
The foreign exchange market is the mechanism by which currencies are valued relative to one another, and exchanged. An individual or institution buys one currency and sells another in a simultaneous transaction. Currency trading always occurs in pairs where one currency is sold for another and is represented in the following notation: EUR/USD or CHF/YEN and so on. The exchange rate is determined through the interaction of market forces dealing with supply and demand.
(3) Foreign exchange traders generate profits, or losses, by speculating whether a currency will rise or fall in value in comparison to another currency.
Currencies are also always traded in pairs (i.e. USD/JPY or Dollar/Yen) at floating exchange rates.
Unit 6
HOME
The foreign exchange market operates 24 hours a day, and, unlike the stock market, have no official openings or closings. (9) It moves in response to geopolitical events, press releases from key central banks, and reports on the economy from government statistical bureaus, among many other factors. When traders are inactive in one part of the world due to nightfall, there are traders elsewhere who are actively engaging in trades as it is daytime in their locations.
4. The exchange rate of JPY against RMB is the lowest among all the foreign currencies.
Unit 6
HOME
Work in pairs to check the following list carefully and describe the exchange rates of different currencies to your partner, including the name, buying and selling price and time:
Unit 6
HOME
Work in pairs to check the following list carefully and describe the exchange rates of different currencies to your partner, including the name, buying and selling price and time:
1. It is the exchange rate between RMB and different currencies published by BOC (Bank of China).
2. The rates of the same currency are different among different businesses. The selling rate is the highest, while the cash buying rate is the lowest.
Unit 6
HOME
I
Lead-in
Text A: Text Analysis Practice
II
源自文库Lead-in
Text B:
Text Analysis Practice
III
Supplementary Reading
Unit 6
HOME
Work in pairs to check the following list carefully and describe the exchange rates of different currencies to your partner, including the name, buying and selling price and time:
Unit 6
HOME
Whereas there are thousands of securities on the stock market, in the FOREX market most trading takes place in only a few currencies; the U.S. Dollar ($), European Currency Unit (€), Japanese Yen (¥), British Pound Sterling (£), Swiss Franc (Sf), Canadian Dollar (Can$), and to a lesser extent, the Australian and New Zealand Dollars. These major currencies are most often traded because they represent countries with esteemed central banks, stable governments, and relatively low inflation rates.
Unit 6
HOME
(7) Historically, Forex has been dominated by inter-world investment and commercial banks, money portfolio managers, money brokers, large corporations, and very few private traders. Lately this trend has changed. (8) With the advances in internet technology, plus the industry's unique leveraging options, more and more individual traders are getting involved in the market for the purposes of speculation. While other reasons for participating in the market include facilitating commercial transactions (whether it is an international corporation converting its profits, or hedging against future price drops), and speculation for profit which has become the most popular motive for Forex trading for both big and small participants.
HOME
Unit 6
HOME
In this unit, you will learn
Text A: General introduction to foreign exchange and the features of foreign exchange market. Text B: The importance and function of foreign exchange market and the decisional factors of exchange rate. Supplementary Reading: Euao Zone is Facing a Crisis Deflation.
5. The exchange rate is published and changed in real time.
Unit 6
HOME
Foreign Exchange Market FOREX, an acronym for Foreign Exchange, is the largest financial market in the world, with an estimated $1.5 trillion in currencies traded daily. Forex provides income to millions of traders and large banks worldwide. (1)The market is so large in volume that it would take the New York Stock Exchange, with a daily average of under $20 billion, almost three months to reach the amount traded in one day on the Foreign Exchange Market. (2) Forex, unlike other financial markets, is not tied to an actual stock exchange and is an over-the-counter (OTC) or off-exchange market.
Unit 6
HOME
A trader would buy the currency which is anticipated to gain in value, or sell the currency which is anticipated to lose value against another currency. (4) The value of a currency, in the simplest explanation, is a reflection of the condition of that country's economy with respect to other major economies. Forex market does not rely on any one particular economy. (5) Whether or not an economy is flourishing or falling into a recession, a trader can earn money by either buying or selling the currency. (6) Reactive trading is the buying or selling of currencies in response to economic or political events, while speculative trading is based on a trader anticipating events.
Unit 6
HOME
The foreign exchange market is the mechanism by which currencies are valued relative to one another, and exchanged. An individual or institution buys one currency and sells another in a simultaneous transaction. Currency trading always occurs in pairs where one currency is sold for another and is represented in the following notation: EUR/USD or CHF/YEN and so on. The exchange rate is determined through the interaction of market forces dealing with supply and demand.
(3) Foreign exchange traders generate profits, or losses, by speculating whether a currency will rise or fall in value in comparison to another currency.
Currencies are also always traded in pairs (i.e. USD/JPY or Dollar/Yen) at floating exchange rates.
Unit 6
HOME
The foreign exchange market operates 24 hours a day, and, unlike the stock market, have no official openings or closings. (9) It moves in response to geopolitical events, press releases from key central banks, and reports on the economy from government statistical bureaus, among many other factors. When traders are inactive in one part of the world due to nightfall, there are traders elsewhere who are actively engaging in trades as it is daytime in their locations.