Parity: Difference between revisions
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#A relationship between market prices at which there are no opportunities for arbitrage. The prices of composite synthetic instruments are exactly the same as the prices of the related outright | #A relationship between market prices at which there are no opportunities for [[arbitrage]]. The prices of composite [[synthetic]] instruments are exactly the same as the prices of the related [[outright]] instruments. | ||
#The official rate of exchange between two currencies, if there is one. | #The official rate of exchange between two currencies, if there is one. | ||
#An exchange rate of 1 between two currencies. | #An exchange rate of 1 between two currencies. | ||
Revision as of 12:58, 5 May 2016
- A relationship between market prices at which there are no opportunities for arbitrage. The prices of composite synthetic instruments are exactly the same as the prices of the related outright instruments.
- The official rate of exchange between two currencies, if there is one.
- An exchange rate of 1 between two currencies.
