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The effective exchange rate is an index that describes the strength of a currency relative to a basket of other currencies. Typically it is calculated using geometric weighting. It can be computed using the USD as a numeraire. This means the constituent exchange rates are all first defined vis-a-vis the USD.
The labor theory of value ( LTV) is a theory of value that argues that the exchange value of a good or service is determined by the total amount of "socially necessary labor" required to produce it. The contrasting system is typically known as the subjective theory of value . The LTV is usually associated with Marxian economics, although it ...
Market value. Market value or OMV ( Open Market Valuation) is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value, although these terms have distinct definitions in different standards, and differ in some circumstances.
In political economy and especially Marxian economics, exchange value (German: Tauschwert) refers to one of the four major attributes of a commodity, i.e., an item or service produced for, and sold on the market, the other three attributes being use value, economic value, and price. [1] Thus, a commodity has the following:
The value of a paper savings bond can be checked by using the savings bond calculator on the TreasuryDirect website and entering this information found on bond: Issue date. Bond series ...
The foreign exchange market ( forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
After the war, the value of the lira fluctuated, before Italy set a peg of $1 = Lit 575 within the Bretton Woods System in November 1947. Following the devaluation of the pound, Italy devalued to $1 = Lit 625 on 21 September 1949. This rate was maintained until the end of the Bretton Woods System in the early 1970s.
Value at risk. The 5% Value at Risk of a hypothetical profit-and-loss probability density function. Value at risk ( VaR) is a measure of the risk of loss of investment/Capital. It estimates how much a set of investments might lose (with a given probability), given normal market conditions, in a set time period such as a day.