MGT491H5 Final: Final Exam Study Notes - Chapter 9-The Foreign Exchange Market
Document Summary
Mgt491 final exam notes chapter 9: the foreign exchange market. N most enterprises in the global economy are affected by changes in the value of currencies on the foreign exchange market. N what happens in the foreign exchange market can have a serious impact on sales, profits and strategy of an enterprise. N very important for managers to understand the working of the foreign exchange market and the potential impact of changes in currency exchange rates for their enterprise. N foreign exchange market a market for converting the currency of one country into that of another country. N exchange rate the rate at which one currency is converted into another. N without the foreign exchange market, international trade and international investment on a large scale as we see. N today would be impossible companies would have to resort to bartering.
