NISM Series XIII Common Derivatives Certification Exam Notes
Page 105 Of 303
Go to:
Swiss Franc: Safe-haven currency; often appreciates during global uncertainty.
Indian Rupee: Managed float; RBI intervenes to reduce volatility, not to fix rates.
International Currency Markets: Include banks, corporations, central banks, hedge funds, investors; daily turnover ~USD 7.5 trillion.
OTC Market vs Exchange: Most forex is OTC; derivatives also traded on exchanges like NSE, BSE, MSEI in India.
Currency Pair Quotation: First currency is base currency, second is quotation currency; price reflects value of base currency in terms of quotation currency.
MODELEXAM® 
www.realsoftinfoplan.com