During the past decade, many countries have changed their exchange rate regimes, moving from crisis-prone soft pegs to hard pegs or floating regimes. This trend is likely to continue, particularly ...

To calculate this we use the exchange rate. This tells us how many Euros are equivalent to \(£1\). The exchange rate between currencies changes all the time depending on the financial situations ...

A cross-currency swap is a financial contract where two entities exchange an equivalent amount of principal in different currencies. Then each entity makes interest payments on the currency they ...