Exchange rates

1
Exchange rates
2
Definition

• The price of a currency.

1 euro 4 zloties means that 1 zloty 0,25 euro
3
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
Demand and Supply
exporters, tourists, banks
SUPPLY
ER
importers, tourists, banks
DEMAND
7
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
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 wplynie na kurs dolara

• wprowadzenie przez Polske wiz dla Amerykanów?
• interwencja banku centralnego na rynku walutowym
  (skup dolarów)?
• wprowadzenie zakazu importu wolowiny z USA do
  Polski?
• zniesienie przez USA wiz dla Polaków?
• obnizenie cel na towary amerykanskie?

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