Happy New Year to all and thank you for watching Global Perspectives last year. As a way of congratulating those who showed up to work this week we thought we'd have a bit of fun with some Foreign Exchange trivia questions to test your FX knowledge.
So here we go!
What is the daily volume of the FX market today? Choose the closest dollar figure.
a) $1 trillion
b) $3 trillion
c) $5 trillion
d) $10 sextillion
What accord, signed after WWII, pegged currencies to the price of gold?
a) Louvre Accord
b) Plaza Accord
c) Bretton Woods Accord
d) Honda Accord
Which country does NOT have a fully floating exchange rate system?
Which of the following currencies was the most volatile in 2018?
a) US Dollar
b) British Pound
c) Argentine Peso
d) Greek drachma
What is the biggest reserve currency in the world?
a) Chinese Yuan
c) US Dollar
What is the nickname for the Canadian Dollar?
a) Northern Greenback
b) Arctic Quid
d) God Save the Queen
How many hours a day is the FX market open?
a) 8 hours
b) 16 hours
c) 24 hours
What determines the value of FX forward rates?
a) FX forecast
b) Same as spot
c) Interest rate differentials
d) Crystal ball
Where does the majority of the FX market take place today?
a) On the exchange
b) Via telephone
c) Via electronic trading
d) At church
What is a "dirty float" exchange rate structure?
a) When the exchange rate is determined by OPEC members
b) When the exchange rate is completely fixed to the USD
c) When a central bank occasionally intervenes in the FX market
d) When traders yell dirty language to another party and transact FX
Please email your answers to email@example.com.
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