หมายถึงระบบการเงิน และการซื้อขายสกุลเงินของธนาคารและสถาบันการเงินที่เป็นระบบสากล รวมทั้งการซื้อขาย ของกิจการขนาดเล็ก และนักลงทุนขายปลีก ในขณะที่การซื้อขายระหว่างธนาคารบางส่วนจะดำเนินการในนามของลูกค้ารายใหญ่โดยการโอนผ่านบัญชีของธนาคารเอง
what other factors might be considered in diciding between these projects?
) If the price of the three-piece luggage set in Phoenix is $850 and the price of the same three-piece set in Sydney is $930, using purchasing power parity, is the price of the luggage truly equal if the spot rate is AU$1.0941/$?
The interbank market is decentralised which means that it is not regulated by any central institution or authority. Most central banks, however, will collect data from market participants to evaluato any economic implications. Problems in the interbank market can very quickly impact on overall economic stability.
The interbank market for forex serves commercial turnover of currency investments as well as a large amount of speculative, short-term currency trading. According to data compiled in 2004 by the Bank for International Settlements, approximately 50% of all forex transactions are strictly interbank trades.
One of the traditional attributes of the on-the-run interbank market was the ability of the top tier banks to lend and transact amongst themselves internationally without distinguishing credit quality. It allowed tiering in the interbank market; it has been proven over time that is fast and effective implementation of international financial transactions.
The interbank market has operated in the past, on its highest levels, as a no-name market. It meant that for the banks at the highest level of international credit quality, foreign transactions between banks could be conducted without discriminating by name. Therefore, they traded among are themselves at no differential credit risk premiums. A major money center bank trading on such a level was said to be trading on-the-run. Thus, on-the-run banks are viewed to have steadfast credit quality. Banks that are not on-the-run are considered to be of less credit quality, sometimes reflecting more country risk than credit risk, and pay slightly higher rates in the interbank market