Tiếng anh chuyên ngành 1 unit 14 the foreign exchange market

-Firstly, the foreign exchange market is the market in which national currencies are exchanged.. The foreign exchange market is an over-the-counter market, the primary communication inst

Unit 14: The foreign exchange

market

• /ɪksˈtʃeɪndʒ/

• /ˈpeɪ.səʊ/

• /ˈdɔɪtʃ.mɑːk/

• /jen/ 

• /fræŋk/

• /ˈɪn·strə·mənt/

• /ˈeskəleɪt/

• /drəˈmæt.ɪ.kəl.i/ 

• /rɪˈspɒns/

• /ˌækwɪˈzɪʃən/

• /əˈprɒksɪmət/

• /trænˈzækʃən/

• /əˈsəʊsiət/

•  /fləʊ/

•  /ˈkæpɪtəl/

•  /əˈraɪz/

•  /ˈdʒenəreɪt/

• /ˌdʒiːəʊˈɡræfɪkəl/

•  /θruːˈaʊt/

• /ˈkaʊntəpɑːt/

•  /spɒt/

• /ˈæktʃuəl/

•  /ænˈtɪsɪpeɪt/

• /¸vɔlə´tiliti/

• /ˈdiːlər/

• /dɪˈpriːʃieɪt/

• /ˌɪntəˈmiːdiəri/

• /kəˈmɪʃən/

• /ˈvɒl.juːm/ 

• /ˈbrəʊ.kər/

• /ɪksˈtʃeɪndʒ exchange trao đổi

• /ˈpeɪ.səʊ peso đồng peso

• /ˈdɔɪtʃ.mɑːk deutschemark đồng mark

• /fræŋk franc đồng franc

• /ˈɪn·strə·məntinstrument công cụ

• /ˈeskəleɪt escalate tăng

• /drəˈmæt.ɪ.kəl.i/  dramatically đáng kể

• /rɪˈspɒns response sự đáp lại

• /ˌækwɪˈzɪʃən acquisition sự đạt được

• /əˈprɒksɪmət approximate xấp xỉ

• /trænˈzækʃən transaction giao dịch

• /əˈsəʊsiət associate kết hợp

•  /fləʊ flow dòng chảy

•  /ˈkæpɪtəl capital vốn

•  /əˈraɪz arise xuất hiện

•  /ˈdʒenəreɪt generate sinh ra

• /ˌdʒiːəʊˈɡræfɪkəl geographical (thuộc) địa lí

•  /θruːˈaʊt through-out trong suốt

• /ˈkaʊntəpɑːt counterpart đối tác

• /ˈæktʃuəl actual thực tế

•  /ænˈtɪsɪpeɪt anticipate dự đoán

• /¸vɔlə´tiliti volatility sự biến động

• /ˈdiːlər dealer đại lí

• /dɪˈpriːʃieɪt depreciate giảm giá

• /ˌɪntəˈmiːdiəri intermediary trung gian

• /kəˈmɪʃən commission tiền hoa hồng

• /ˈvɒl.juːm/  volume khối lượng

• /ˈbrəʊ.kər/ broker người môi giới

-Firstly, the foreign exchange market is the market in which

national currencies are exchanged.

The foreign exchange market is an over-the-counter market, the primary communication instruments being the telephone and the computer.

It has developed rapidly since the last quarter century in

response to the growth of world trade and the expansion of

international capital flows.

Summary

-Secondly, London is the world’s largest foreign exchange centre because:

Its trading position arises partly from the large volume of

international financial business generated here.

Its geographical location enables it to trade among diffirence timezones.

Summary

-Thirdly, foreign exchange market has 2 kinds of transaction:  

Spot transactions are undertaken for an actual exchange of currencies two business days later.

Forward transactions invole a delivery date further into the future, possibly far as a year or more ahead.

Summary

-Lastly, there are 3 types of participants in the market: customers, marker makers and brokers.

Summary

1:What is the foreign exchange market?

The foreign exchange market is the market in which such nation currencies as

dollars,pesos,deutschemarks,yen,francs,and others are exchange.

2:Why is it considered to be an OTC market?

It is not an organized market with fixed hours and a physical meeting place.

Short Questions

3:Why is London the world’s largest foreign

exchange centre?

Because:

Its trading position arises partly from the large volume of international financial business

generated here

Its geographical location enables it to trade among diffirence timezones

Short Questions

4:What are two types of transactions in the

foreign exchange market?

Two types of transactions in the foreign

exchange market are into spot and forward

business

5:How many types of participants are there?Who are they?

There are three types of participants in the

market: customers,banks and the brokers

Short Questions

6:For what purposes do multinational

corporations need foreign currencies?

They need foreign currency in the course of their cross border trade or investment business 7:What do the terms ”bid rates” and “offer rates” mean?

“Bid rates” mean is buying rates

“offer rates” mean is selling rates

Short Questions

8:How do brokers participate in the foreign

exchange market?

They are specialist companies with the

telephone lines to the banks throughout the world

so that at any time they should know which bank has the highest bid rate for a currency and which the lowest offer rate

Short Questions

1 What are the main features of the foreign

exchange market?

It is not an organized market with fixed hours and a physical meeting place.

The primary communication instruments being the telephone and the computer.

It operatates 24 hours a day because of timezone diffirence.

Long Questions

2.Who are the participants in the foreign exchange

market? How do they work?

Customers: such as multinational corporations, are in the

market because they require foreign currency in the course

of cross border trade or investment business.

Banks:

Some banks participates as market makers; that is their dealers will at any time quote buying and selling rates for currencies.

The dealers earn a profit on the difference between their buying and selling rate.

Long Questions

The brokers, acts as intermediaries between the banks

They are specialist companies with the

telephone lines to the banks throughout the

world

By calling a broker, therefore, it should be

possible for banks to find the best dealing rate currently available

The broker doesn’t deal on his own account but charges a commission for his services

Long Questions

Thanks for listening !