Foreign Exchange Markets

Speaker

Gordon Bodnar

Morris W. Offit Professor of International Finance; Chair, Economics & Finance Department

The John Hopkins University

Director of the International Economics Program, Paul H. Nitze School of Advanced International Studies

The John Hopkins University

Gordon Bodnar’s Biography

CFP®, CIMA®, CPWA®, CIMC®, and RMA℠ Eligible Review and discuss the basics of foreign exchange (FX) rate markets: terminology, institutional features, common contracts, and market size and structure. Introduce concepts of cross currency rates as effective exchange rates.  Demonstrate the link between FX markets and global money markets.  Discuss basics of hedging and speculating in the FX market. Learning Objectives:

  • To understand the FX market, its main instruments and their quotation
  • To gain intuition of the link between exchange rates and interest rates
  • To sample methods of hedging and speculating in the FX markets.