Traveling overseas soon? Understand how exchange booths make money off supposed "commission-free" deals and what to do ...

We offer a unifying empirical model of covered and uncovered currency premia, interest rates and spot and forward exchange rates, both in the cross section and time series of currencies. We find that ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Cross-border payments are changing: existing intermediaries are upgrading their networks and new platforms based on novel ...

Foreign exchange rate risk, or currency risk, could potentially happen when the value of one currency fluctuates relative to another. For investors and businesses operating in global markets, this ...