国际商务英语教学课件作者徐剑山6

erateincludethefollowing:(1)Internationalbalanceofpayment.Ithasadirectbearingonthesupplyanddemandofforeignexchange.Thevalueofone’sowncurrencywillgoupwithfavorablebalanceofpaymentanddropwithBOPdeficit.(2)Inflation.modity.Wheninflationintensifies,thevalueofthecurrencywilldroprelativeto(相对于)foreigncurrenciesandviceversa.上一页下一页返回TextA(3)Interestrate.onditions,highinterestratewillattractshortterminternationalfund,increasingtheexchangerateofone’sowncurrencyandviceversa.Theabovefactorsmayworkaloneorcollectively.Sometimestheirinfluencesmayoffseteachother.Generallyspeaking,however,internationalbalanceofpaymentisthemostimportantfactorindecidingthetrendofexchangerate.Inaddition,foreignexchangepolicies,politicaleventsandspeculationactivitiesmayalsohavearoletoplayinthefluctuaionsofexchangerate.上一页下一页返回