→ Exchange Rates → Empezar lección / Descargar tarjetas en MP3

término		definición
exchange rate empezar lección		the price at which one currency can be exchange for another.
depreciate empezar lección		to lose in value
currency speculation empezar lección		buiyng currency in the hope of making a profit.
appreciate empezar lección		to gain in value
speculative empezar lección		based on guess, not on information
fixed empezar lección		something which stays the same and not vary.
pegged exchange rate empezar lección		=fixed exchange rate
gold convertibility empezar lección		the price at which we can buy for example a ounce of gold (now about 35$).
floating interest rate empezar lección		interest rate which is depend on market forces.
market force empezar lección		the level of supply and demand
common currency empezar lección		a system of money shared by two or more countries.
intervene empezar lección		to come between points of time or events
exchange market empezar lección		place where traders buy or sell currencies.
reserves empezar lección		to retain for future use
manage empezar lección		be in charge of something
fixed interest rates empezar lección		situation when interest rates are stable for long time.
fiat money empezar lección		legal paper currency which can't be convert into coin.

Exchange rates