FRM考试中Foreign Exchange Markets考生能学到哪些内容？

发布时间：2021-04-24 08:57编辑：融跃教育FRM

Foreign Exchange Markets是FRM一级考试中的重要内容，现在也临近5月FRM考试，考生需要在剩余的时间里认真备考，这样你才有通过FRM考试的几率。在考试中Foreign Exchange Markets，考生能学到哪些内容？

After completing this reading, you should be able to:

•Explain and describe the mechanics of spot quotes, forward quotes, and futures quotes in the foreign exchange markets; distinguish between bid and ask exchange rates.

•Calculate a bid-ask spread and explain why the bid-ask spread for spot quotes may be different from the bid-ask spread for forward quotes.》》》点击领取2021年FRM备考资料大礼包（戳我免费领取）

•Compare outright (forward) and swap transactions.

•Define, compare, and contrast transaction risk, translation risk, and economic risk.

•Describe examples of transaction, translation, and economic risks and explain how to hedge these risks.

•Describe the rationale for multi-currency hedging using options.

•Identify and explain the factors that determine exchange rates.

•Calculate and explain the effect of an appreciation/depreciation of one currency relative to another.》》》点我咨询21年FRM备考技巧

•Explain the purchasing power parity theorem and use this theorem to calculate the appreciation or depreciation of a foreign currency.

•Describe the relationship between nominal and real interest rates.

•Describe how a non-arbitrage assumption in the foreign exchange markets leads to the interest rate parity theorem and use this theorem to calculate forward foreign exchange rates.

•Distinguish between covered and uncovered interest rate parity conditions.

完成阅读后，您应该能够：

•解释和描述国外现货报价、远期报价和期货报价的机制外汇市场；区分买卖汇率。

•计算买卖价差，并解释为什么现货报价的买卖价差可能与投标价差不同-询问远期报价。【资料下载】FRM一级思维导图PDF版

•比较直接（远期）和掉期交易。

•定义、比较和对比交易风险、翻译风险和经济风险。

•描述交易、翻译和经济风险的例子，并解释如何对冲这些风险。

•描述使用期权进行多种货币对冲的基本原理。

•确定并解释决定汇率的因素。

•计算并解释一种货币相对于另一种货币升值/贬值的影响。

•解释购买力平价定理，并使用该定理计算升值或升值外币的贬值。

•描述名义利率和实际利率之间的关系。

•描述外汇市场的无套利假设如何导致利率平价并利用这个定理计算远期外汇汇率。

•区分覆盖和未覆盖的利率平价条件。

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