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In contrast to what followed after the collapse of the Han dynasty in China,the collapse of the Roman Empire
Spot Exchange Rate
The present rate at which one can purchase or sell a currency for immediate transfer.
Forward Exchange Rate
A contractually fixed exchange rate for the future exchange of currencies at a specified date, used to hedge against foreign exchange risk.
Arbitrage
The simultaneous purchase and sale of the same assets in different markets to exploit price differences for a profit.
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