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Exchange rates

Exchange rates. Definition. The price of a currency. 1 euro = 4 zloties means that 1 zloty = 0,25 euro. Rynek krajowy. Rynek krajowy. Rynek krajowy. Rynek krajowy. Rynek krajowy. Rynek krajowy. International currency market.

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Exchange rates

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  1. Exchange rates

  2. Definition • The price of a currency. 1 euro = 4 zloties means that 1 zloty = 0,25 euro

  3. Rynek krajowy Rynek krajowy Rynek krajowy Rynek krajowy Rynek krajowy Rynek krajowy International currency market • System of rules, policy tools and institutions that ensure free transfer of money among separate currency areas

  4. Why currency? • Co-existence of different national currencies Malaysia ringgit won South Korea China yuan rupee India, Sri Lanka kuna Croatia RSA rand forint Hungary Finland euro Slovenia euro leu Romania

  5. Currency symbols DKK Danish krone YPN Japanese yen PLN Polish zloty GBP British pound USD US dollar

  6. price quantity Demand and Supply exporters, tourists, banks SUPPLY ER importers, tourists, banks DEMAND

  7. PLN/EUR ilość waluty Lower supply of euro in Poland Lower demand for Polish goods in Euro zone Supply 4,00 Appreciation of EUR 3,75 Demand Appreciation of EUR = Depreciation of PLN

  8. PLN/EUR quantity Lower demand for euro in Poland Supply 3,75 Depreciation of euro 3,60 Demand Lower demand for European goods in Poland Depreciation of EUR = Appreciation of PLN

  9. Jak wpłynie na kurs dolara: • wprowadzenie przez Polskę wiz dla Amerykanów? • interwencja banku centralnego na rynku walutowym (skup dolarów)? • wprowadzenie zakazu importu wołowiny z USA do Polski? • zniesienie przez USA wiz dla Polaków? • obniżenie ceł na towary amerykańskie?

  10. PLN/EUR 4,2 4,1 4,0 3,9 3,8 3,7 3,6 time T0 T1 T2 T3 T4 T5 T6 T7 T8 T9

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