Foreign Exchange Market Essay Example

Foreign Exchange Market Essay The term paper I am going to discuss is about the foreign exchange markets : Definition : The foreign exchange market is the organizational framework within which individuals, firms and banks buy and sell foreign currencies or foreign exchange. The exchange rate of a currency in the market depends on economic factors, political conditions of the countries and the market psychology. Functions of Foreign Exchange market : The basic and primary function is to transfer purchasing power between countries. The transfer function is performed through draft, bill of exchange, letter of credit etc.. Another important function is to provide credit to the importer debtor. The foreign exchange market performs the hedging function covering the risks on foreign exchange transactions. Geographical Extent of Foreign Exchange Market : * Global Currency trading is a 24 hour a day process * Many large International banks operate trading rooms in major trading center on a round –the-clock-basis. Some currency trading is conducted on an official trading floor by open bidding but most of it is done through dealers. Market Participants : There are five main categories of market participants in the foreign exchange market : * Bank and Non bank foreign exchange dealers * Individual and firms conducting commercial and investment transactions * speculators and Arbitrageurs * Central banks and Treasuries * Foreign Exchange Brokers. Terms Used in the foreign exchange market : Spot rate is the exchange rate quoted for delivery of foreign currency at some specified time in the future. We will write a custom essay sample on Foreign Exchange Market specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Foreign Exchange Market specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Foreign Exchange Market specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Forward rate is the rate that appears in a contract to exchange a currency in the future and whereas the cross rate are the exchange rate between two currencies that are not official currencies of the country that the exchange was quoted in. Bid rate is the price to the buyer and ask price is the price to the seller in the exchange market. Exchange arbitrage involves the simultaneous purchase and sale of a currency in different foreign exchange markets. And other terms involved are forward premium, forward discount, direct and indirect quotes.

A Readers Responsibility

A Readers Responsibility Yall ever read Suite T, the blog for Southern Writers Magazine? Its pretty good, and this past week,  Terry Whalin  posted  4 Ways to Support Writers. I want to take this a step further and not state HOW a reader can help a writer, but WHY they have a responsibility to do so. When a reader picks up a book to read, they expect to invest hours into the entertainment. The author and publisher on the other end are waiting with fingers crossed to hear how the reader liked it. They need feedback to better understand how to proceed with subsequent works. Any type of industry needs feedback. Are they doing it right? Are they creating the right product? Publishers, agents, and bookstores hang on public feedback to determine whether an author is worth fooling with. Silence is deadly. So, if a reader likes a story, or an author, they need to speak up. Otherwise they risk losing a good story, or worse, a good author. Lets talk about a readers responsibility when they read a book: 1) Buy the  book. An occasional freebie is fine, especially when test-driving an author. However, authors, publishers, agents, cover designers, etc. depend on income to eat and put a roof over their head. Buy a book. 2) Write a review.  Do you want more stories like the one you just read? Then post a review. Otherwise, how is anyone supposed to know that this type of writing needs to continue? Call it a thank-you to the people who fought hard to put that book in your hands. They cannot read your mind. 3) Reply to blog posts.  Blogs are free, frequently used to sell books or an authors prowess. Dont read a post  and silently blow away. At least thank the writer or blog host. Yes, youre busy, but so are they. What if you did a job and nobody told you whether it was good or bad?  Again, the silence is a killer. 4) Take responsibility for your social media.  Dont just read. Dont just rant about politics or the neighbors noise next door. Dont just take and not give back. When you see a book promoted, and you like it or the author, then retweet or share. Its a button, people. 5) Use your word-of-mouth.  If you do not relay to others about a good book, and everyone else remains just as silent, that good book disappears along with the subsequent books after it from that author. Many an author has withered away due to lack of feedback, because feedback equates to sales, which equates to contracts and/or earning a living. Ive seen good writers think they were no goodall because readers remained quiet. Oh, and if youre a writer? Magnify that responsibility

Balance scorecard Coursework Example | Topics and Well Written Essays - 2000 words

Balance scorecard - Coursework Example Jack (2009) explains that in the USA currently, the horticulture farming achieves a gross total of $98.9 billion and it’s ranked the third largest in the US agricultural industry. Grains farming accumulate to $111.3 billion while beef farming accounts to $99.2 billion dollars annually. Horticultural farming performs better than poultry, cotton and wool farming combined. It is estimated that the greenhouse horticulture would increase to 9.3% of the total agricultural sector by the year 2018. Greenhouse horticulture output leads to 3.5 million tones of agricultural produce annually which accounts to 5% of the agricultural output. Currently, the Gross Value of Production (GVP) generated by each employee accounts for $295,648 annually. A total of $9227 is generated per hectare in the gross value of production. Jack (2009) further illustrates that in terms of the Gross value of Production (GVP) developed per hectare, horticulture is the third successful productive sector in the agr icultural industry followed exceeding poultry farming. From the analysis it can be noted horticulture has vast opportunities for financial success which the nursery volunteers can embrace. Niven (2010) describes that Business Scorecard (BSC) was coined by Robert Kaplan from Harvard and David Norton in 1992 in the measurement of intangible assets which played a vital role in the increase of their financial figures. Kaplan and Norton believed that for managers to improve on their management of intangible assets; they had to incorporate the measurement of their value into their management programs. After the formulation of the business model several companies adopted it and 15 years down the line, it was further adopted by thousands of other public, private and nonprofit companies. The concept was further expanded to include the communicating, describing and implementation of the strategy. The four BSC perspectives include the learning and growth perspective, the customer perspective,