Abstract
A dealer in money does not need to be an economist to understand what causes an economic change. However, he must appreciate the signals from the economy of a particular country in order to be able to anticipate what this may mean to the rate of exchange. A rate of exchange is defined as the price of one currency in terms of another. It is quoted either for spot settlement (immediate or within two days) or for future or forward delivery.
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© 1979 Nigel R.L. Hudson
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Hudson, N.R.L. (1979). The Dealing Theory of Foreign Exchange. In: Money and Exchange Dealing in International Banking. International Banking Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-04466-5_2
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DOI: https://doi.org/10.1007/978-1-349-04466-5_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-04468-9
Online ISBN: 978-1-349-04466-5
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