Funding Currencies

Monies that can be borrowed at low interest rates, making them ideal to bankroll purchases of higher yielding assets including stocks, other currencies, bonds and commodities. Speculators earn the spread or carry between the funding currency and the higher-yielding asset.

Apart from the risk of a price decline in the funded asset, the biggest risk in a carry trade is that of a steep appreciation in the funding currency if it is not the speculator's home currency.

|||The Japanese yen was among the most favored funding currencies in the first decade of the 2000s, due to the near-zero interest rates in Japan for most of this period. By early 2007, the yen had been used to fund an estimated US$1 trillion in carry trades. The yen carry trade unraveled spectacularly in 2008 as global financial markets crashed, as a result of which the yen surged against most major currencies.

热门词条

应收账款区域货币区间估计金融危机资本成本 CPI（Consumer Price Index）汇率资产经济美元单向定单租赁期外汇通外汇佣金服务 SME ISO 认可增量成本什一税 CFO MIT MG金融集团加工销售股价反弹抽签偿还股利收入技术空头陷阱资本 REF 市场中国股市中小企业备付金率美国两会价格吊空指数股灾葡萄牙币调至市价 pt 清算电子汇兑税粮下降三角形外汇投资 FDI Writer 阴烛银行管理企业 MACD 黄金 width 冲账短期同业拆借 Theta peg 货币外汇交易法金融中介理论产品消费发展战略艾略特波段理论的含义计期汇票巴塞尔资本协议贴现现金流联系汇率制度拔档美国贝勒大学汇差清算率延期付款汇票短期国际商业贷款 Exposure 集中竞价标准普尔（S&P）不完全竞争市场理论 (金融) 金融公司正利差指标单位分期付款汇票软通货出口物价指数选择权买方百分比回撤无记名汇票最低报价戴维·凯特标准·普尔 500指数抵押品持平德国工业产值德国消费者物价指数成本协同效益资金非农就业人口交易股票道琼斯公用事业平均指数持平指示汇票产品竞争力财务指标盈利能力比率外汇实盘交易方式德国伊弗研究所景气调查

Funding Currencies

热门专栏

财联社

财华社

格隆汇

国际金融报

英为财情

嘉盛集团

香港智远

智通财经

热门词条