Nagoya Stock Exchange


 

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Nagoya Stock Exchange

Established after World War II, one of the three major securities markets in Japan.



Nagoya Stock Exchange

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Purchasing power parity exchange rate

Purchasing power parity exchange rate

An exchange rate calculated to yield absolute purchasing power parity. Useful for making comparisons of real values (wages, GDP) across countries with different currencies. Since the purchasing power parity theory is rarely correct, this contrasts with the nominal exchange rate.


Exchange Rate Mechanism

Exchange Rate Mechanism

The mechanism by which members of the EC formerly operated their currency exchange rates within given upper and lower limits. In January 1999 certain members of the EC adopted the euro for their currency.


Forward foreign exchange contract

Forward foreign exchange contract

Agreement that obligates an investor to deliver a specified quantity of one currency in return for a specified amount of another currency.


Forward exchange rate

Forward exchange rate

Exchange rate fixed today for exchanging currency at some future date.


Exchange Ratio

Exchange Ratio

The number of new shares in an acquiring firm that are timed for each outstanding share of an acquired firm.


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