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Parallel Loan

Introduction Parallel loans also known as back to back loans are an agreement by which two companies in different countries borrow one another’s currency for a provided time frame, so as to minimize foreign exchange risk equally for both of them. It is also called back-to-back loans. For example a Malaysian firm, borrows dollars to [...] Read More »

Nominal Effective Exchange Rate

Introduction A nominal effective exchange rate (NEER) is the exchange rate of the local currency vise-a-visa other foreign currencies calculated by their share with either the country’s global trade or their balance of payments. The NEER is the standard weighted value of 1 currency as opposed to the other currencies in an index. The weights [...] Read More »

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