Financial management in an international context.
foreign exchange or forex – the market in which currencies are traded.
exchange rate – the value of one currency for the purpose of conversion to another.
currency risk – the potential for loss due to fluctuations in the exchange rate.
hedging – making an investment to reduce the risk of adverse price movements in an asset.
letter of credit – a letter issued by a bank guaranteeing a buyer's payment to a seller will be received on time and for the correct amount.
multinational corporation or multinational or MNC – a company that operates in multiple countries.
transfer pricing – prices charged between related parties for goods, services, or use of property.
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World Bank – international financial institution that provides loans and grants to the governments of poorer countries.
purchasing power parity (PPP) – economic theory that compares different countries' currencies through a basket of goods approach.
Jakub Marian