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Foreign Exchange Rate Notes PDF Class 12
CBSE Class 12 Macroeconomics chapter 7 foreign exchange rate notes class 12 notes PDF are made by research of last ten years NCERT question paper. Further, they are all designed with the latest CBSE guidelines 2021-2022 and only important topics are covered because of high chances to appear in exams.
NCERT Class 12 Macroeconomics Chapter 7 foreign exchange rate notes class 12 notes are very useful for students because it is necessary to understand all important questions and answer them in an efficient manner.
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These NCERT macroeconomics notes chapter 7 foreign exchange rate notes class 12 notes PDF for class 12 is well defined and easy to understand concepts and includes some practical questions for practice purposes.
We provided CBSE notes in pdf format for Students and they can use sample papers for preparing for the CBSE board exam 2021-2022. CBSE class 12 macroeconomics chapter 7 foreign exchange rate notes class 12 notes PDF is very important for exam perspectives because it is a practical question chapter, not a theory-based chapter. And for exam perspective this important chapter because it has higher marks weightage in macroeconomics.
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first, we prepared three versions of the notes. In the first version of notes, we explain all topics with help of colours diagram because in humans emotions and visual information are processed at the same time in the human brain. so, images and diagrams help to learn easily.
Second, We prepared short revision notes which help you to revise before the CBSE board exam. Macroeconomics short notes are 2 to 5 pages long which is not that lengthy. Each topic is explained very well with a short and accurate definition or concept.
Third, In the third version of notes is very lengthy because each topic is explained in detail with help of examples if needed. We cannot say these notes are for exam revision purposes because these are too long this is only for study purposes. we recommend studying these notes 1 to 2 months before the exam.
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Foreign Exchange Rate Notes Class 12
Concept of Foreign Exchange
Foreign exchange refers to all the currencies of the rest of the world other than the domestic currency of the country. For example, in India, the US dollar is the foreign exchange.
Foreign Exchange Rate
The rate at which one currency is exchanged for another is called Foreign Exchange Rate. n other words, the foreign exchange rate is the price of one currency stated in terms of another currency. For example, if one U.S dollar exchanges for 60 Indian rupees, then the rate of exchange is 1$ = Rs. 60 or 1 Rs = 1/60 or 0.0166 U.S. dollar.
The foreign exchange market is the market where the national currencies are converted, exchanged or traded for one another.
Functions of Foreign Exchange Market
- Transfer Function: Transfer function refers to transferring of purchasing power among countries.
- Credit Function: It implies provision of credit in terms of foreign exchange for the export and import of goods and services across different countries of the world.
- Hedging Function: Hedging function pertains to protecting against foreign exchange risks. Where Hedging is an activity which is designed to minimize the risk of loss.
Sources of Demand of Foreign Exchange
The demand (or outflow) of foreign exchange comes from the people who need it to make payments in foreign currencies. It is demanded by the domestic residents for the following reasons:
- Imports of Goods and Services: When India imports goods and services, foreign exchange is demanded to make the payment for imports of goods and services.
- Tourism: Foreign exchange is demanded to meet expenditure incurred in foreign tours.
- Unilateral Transfers Sent Abroad: Foreign exchange is required for making unilateral transfers like sending gifts to other countries.
- Purchase of Assets in Foreign Countries: It is demanded to make payment for purchase of assets, like land, shares, bonds, etc. in foreign countries.
- Repayment of loans to Foreigners: As and when we have to pay interest and repay the loans to foreign lenders, we require foreign exchange.
- Speculation: Demand for foreign exchange arises when people want to make gains from appreciation of currency.