FX and the City - Online

Introducing the City takes participants behind the elegant facades of the great financial institutions to reveal the City of London as a major center of global banking and finance. This module explores Foreign Exchange markets and players.

This course replicates the content from lesson 7 of the course Introducing the City - Online

This is an asynchronous eLearning course that can be accessed 24/7 from any internet enabled computer.


Newcomers to the securities industry, traders, salespeople, back office professionals, staff assistants, compliance staff, auditors and IT professionals.
Students will be able to:
  • Identify the major players and products in the foreign exchange market.
  • Recognise the difference between spot and forward rates.
  • Explain the difference between bid and offer rates.
  • Descibe the underlying factors that influence the market values of currencies.
FX and the City
  • Foreign exchange markets and players
  • Floating vs. fixed rate exchange regimes
  • Spot vs. forward transactions
  • Effects of exchange rates on trade
  • Impact of demand and supply for currencies on exchange rates
  • Hedging, arbitrage and speculation
  • Euro
  • Emerging market currencies