Certificate Course On
FOREIGN EXCHANGE MANAGEMENT

MODULE -1 FOREIGN EXCHANGE MARKET (10 HOURS)
Introduction – foreign exchange market –meaning –players and functions -foreign trade and
foreign exchange-–foreign exchange rate –purchasing power parity theory –balance of
payment theory –fixed and flexible exchange rates.
MODULE -2 FOREIGN EXCHANGE DEPARTMENT OF A BANK (6 HOURS)
Organisation and functions –corresponding banking – foreign currency Accounts -nostro,
Vostro, and Loro accounts.
MODULE -3 EXCHANGE ARITHMETIC: (14 HOURS)
Ready exchange rates-merchant transactions –purchase and sale transactions –exchange
quotations –basis for merchant rates –exchange margin –fineness of quotation –principal
types of buying rates-TT Buying Rate (TT stands for Telegraphic Transfer )Bill Buying
Rate-Principal types of selling rates –TT Selling rate –bills selling rate .