Foreign Exchange Rates

  • Jack Harvey
Chapter

Abstract

Exchange rates are determined by demand and supply of currencies in the foreign exchange market. World‐wide arbitrage operations ensure that world exchange rates prevail. Demand and supply of foreign currencies depend on: Visible trade balance. Invisible trade balance. Movements of capital: long‐term, short‐term and speculative.

Copyright information

© Jack Harvey 1994

Authors and Affiliations

  • Jack Harvey

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