Documents © McGraw Hill Companies, Inc.,2000 The Foreign Exchange Market Chapter 9.

The Foreign Exchange Market Chapter 9 9-1 Why Convert Currency? Payments may be made in a foreign currency. Purchases may have to be paid in the supplierâs currency. Company…

Documents THE INTERNATIONAL FINANCIAL SYSTEM PART I: THE FOREIGN EXCHANGE MARKET.

THE INTERNATIONAL FINANCIAL SYSTEM PART I: THE FOREIGN EXCHANGE MARKET Foreign Exchange (Forex) A commodity that consists of currencies issued by countries other than one’s…