Demystifying Forex: Rates, Quoting, Demand and Supply
What you'll learn
- The students will Understand the meaning and significance of foreign exchange rates and why they fluctuate.
- They will learn why forex rates are quoted in pairs and the two main ways of quoting them—direct and indirect.
- The students will understand the key sources of demand for foreign exchange, including, trade, speculation and hedging.
- They will identify the various sources of foreign exchange supply, such as exports, remittances, and asset sales.
- They will gain insights into how imports impact forex demand and how supply dynamics influence exchange rates.
Requirements
- Basic understanding of economic principles such as supply and demand, inflation and interest rates
Description
Foreign exchange (forex) plays a crucial role in global trade, investment, and economic stability. This course provides a comprehensive understanding of forex rates, their determinants, and the underlying principles governing demand and supply in the foreign exchange market.
Participants will explore the meaning and significance of forex rates, why they are quoted in pairs, and the two primary methods of quoting exchange rates—direct and indirect. The course delves into the various sources of demand for foreign currency, including trade, investments, speculation, and even the role of individuals in forex markets. Additionally, it examines the downward-sloping nature of the demand curve and the impact of hedging and imports on forex demand.
On the supply side, the course highlights key contributors to foreign exchange availability, such as exports, workers’ remittances, and asset sales by domestic entities.
By the end of this course, you will have a clear understanding of how the forex market operates, the factors that influence currency values, and the role of demand and supply in shaping exchange rates. Whether you are a student, a professional, or simply curious about the global economy, this course will equip you with the knowledge to demystify the complexities of the forex market and make informed decisions in an interconnected world.
Who this course is for:
- Students and any individual who enjoys learning about various concepts of economics
Instructor
- 4.3 Instructor Rating
- 7,078 Reviews
- 211,530 Students
- 157 Courses
Parminder Singh has worked as a legal officer and branch manager with an insurance company owned by the government of India. Partner Puneet has also worked with a government department. Both of them took voluntary retirement and have started providing online education to students. They take pride in providing quality educational services and their aim is to ensure that the students are able to understand each and every question in an easy way. Their goal is to help the leaders of tomorrow learn to succeed today.