FOREIGN EXCHANGE BLACK WEDNESDAY

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Across
  1. 2. Central bank of Germany.
  2. 4. Rate at which domestic currency can be exchanged for a foreign currency.
  3. 7. The been who broke the bank of England.
  4. 8. ___ rate occurs when supply of foreign exchange is equal to demand to foreign exchange.
  5. 12. Situation when value of domestic currency is deliberately lowered by the government.
  6. 14. ___ market handles forex transactions which are meant for future delivery.
  7. 16. Regime of foreign exchange that allows central bank of a country to regularly intervene in forex market to stabilize exchange rate.
  8. 17. Protection against risk related to variations in foreign exchange rate.
Down
  1. 1. ___ rate is a type of exchange rate which is determined by the supply demand forces in the forex market.
  2. 3. System of exchange rate under which different currencies were pegged to US Dollar.
  3. 4. Conversion of one country's currency into another.
  4. 5. Situation of fall in value of domestic currency.
  5. 6. Situation when value of domestic currency is deliberately raised by the government.
  6. 9. Practice of making profit due to variations in exchange rate.
  7. 10. ___ rate is a currency system in which government tries to maintain a currency value that is constant.
  8. 11. Domestic currency of Britain.
  9. 13. Situation of rise in value of domestic currency.
  10. 15. Domestic currency of Germany.