CFA考试中考生学习的知识是不断增加的,考生备考CFA考试中是要学习Economics for Valuation Principles这一章节的知识,那在这章节中考生学习学习的知识有即期汇率和远期汇率,那这个在CFA考试中用英语怎么表示的?知识点事怎样的?跟着融跃CFA一起看看!

即期汇率spot exchange rate:现汇率,是指某货币在现货市场上进行交易的价格。即是交易双方达成外汇买卖协议后,在两个工作日以内办理交割的汇率。即期汇率是由当场交货时货币的供求关系情况决定的。一般用S0表示即期市场:货币即时交付,实务中,是两个工作日交付。

这就是即期汇率相关知识的解答,在这个知识点钟还是有很多的知识,考生备考CFA考试是需要掌握很多的知识,接下来看看远期汇率!

远期汇率forward exchange rate :签订远期合约,合约中约定的汇率水平(一般用F表示),交割日在2个工作日以上的均为远期交易。 是交易双方达 成外汇买卖协议,约定在未来某一时间进行外汇实际交割所使用的汇率。

远期市场:双方签订合约,约定未来某个时间进行货币交付。

知识点不是说一次就能掌握的,在备考中你做题了吗?我们做一下这个章节的知识点,如果有什么问题可以在线咨询哦!

There are two forward contracts,contract 1 and contract 2,on the same underlying.The underlying makes no cash payments,does not yield any nonfinancial benefits,and does not incur any storage costs.Contract 1 expires in one year,and contract 2 expires in two years.It is most likely that the price of contract 1:

A、is equal to the price of contract 2.

B、is less than the price of contract 2.

C、exceeds the price of contract 2.

【Answer to question 1】B

【analysis】

B is correct.The forward price is the spot price compounded at the risk-free rate over the life of the contract.Because contract 2 has the longer life,compounding will lead to a larger value.

A is incorrect.The price of contract 1 will be less than the price of contract 2.

C is incorrect.The price of contract 1 will be less than the price of contract 2.

备考中不可缺少的就是做题,CFA题必做的就是CFA课后习题,这边有相关的纸质资料或者是课程讲解,有需要可以在线咨询或者添加微信。