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A U.S. company is attempting to cut costs by shifting some of its services to Thailand. This process of shifting production of products or services overseas to cut costs often results in
Covered Interest Arbitrage
A strategy that involves converting currency through the spot exchange market, investing in foreign interest bearing securities, and hedging exchange risk through the forward market to earn riskless profit.
Forward Rate
The predicted interest rate for a loan or investment for a specific period in the future, differing from current rates.
Nominal Risk-Free Rate
The rate of return on an investment with no risk of financial loss, not taking into account inflation.
Purchasing Power Parity
An economic theory that suggests exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
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