Tamil Nadu Board of Secondary EducationHSC Commerce Class 12th
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Exchange Rate

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  • Meaning of Foreign Exchange (FOREX)
  • Definition of FOREX
  • Rate of Exchange
  • Defi nition of Equilibrium Exchange Rate
  • Determination of Equilibrium Exchange Rate
  • Types of Exchange Rate Systems
  1. Fixed Exchange Rates
  2. Flexible Exchange Rates
  • Types of Exchange Rates 
  • Determinants of Exchange Rates
  1. Differentials in Inflation
  2. Differential in Interest Rates
  3. Current Account Deficits
  4. Public Debt
  5. Terms of Trade
  6. Political and Economic Stability
  7. Recession
  8. Speculation
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