Electronic data interchange and Real exchange rate: Difference between pages

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(EDI).  
The value of a currency in terms of real purchasing power.  


The electronic exchange of business data between or within commercial entities (including their agents or intermediaries in some cases also public administrations), in a standard format, of data relating to a number of message categories, such as orders, invoices, customs documents, remittance advices and payments.


EDI messages are structured computer-processable data formats that permit data to be transferred without rekeying and are then sent through public data transmission networks or banking systems channels. Any movement of funds initiated by EDI is reflected in payment instructions flowing through the banking system.  
It is calculated by comparing the price of a hypothetical market basket of goods in two different countries, translated into the same currency at the prevailing exchange rate.


EDIFACT, a United Nations body, has established standards for electronic data interchange.
It is useful in measuring the price competitiveness of domestic goods in international markets.




== See also ==
== See also ==
* [[Electronic commerce]]
* [[Currency]]
* [[UN/EDIFACT]]
* [[Exchange rate]]
* [[Value-added bank]]
* [[Real]]
* [[Immediate payments and the impact on corporate treasurers]]


[[Category:Technology]]
[[Category:Manage_risks]]

Latest revision as of 23:46, 11 March 2023

The value of a currency in terms of real purchasing power.


It is calculated by comparing the price of a hypothetical market basket of goods in two different countries, translated into the same currency at the prevailing exchange rate.

It is useful in measuring the price competitiveness of domestic goods in international markets.


See also