New Words
foreign adj.
exchange n.
dealing n.
subject adj.
control n.
consist （of） vi.
broker n.
section n.
spot n.
transaction n.
forward adj.
settle vt.
promptly adv.
instrument n.
conclude vt.
difference n.
premium n.
discount n. 單詞
外國的，外來的
交換, 調(diào)換, 兌換
行為, 交易
受制于...的, 受...影響的
控制, 支配, 管理
由...組成
掮客, 經(jīng)紀(jì)人
部分, 斷片, 部件
地點, 場所, 現(xiàn)場
交易, 事務(wù)
屬于（關(guān)于）將來的
解決, 支付
敏捷地, 迅速地
文件；工具
締結(jié), 議定
差異, 差別, 差額
（貨幣兌現(xiàn)的）升水
折扣；貼水
Phrases and Expressions
foreign exchange market
foreign exchange dealing
consist of
exchange dealer
exchange broker
spot market
spot transaction
forward market
forward transaction
subject to
exchange control
exchange rate
exchange instrument
T/Ts
cable rate
sight draft
demand rate
selling rate
buying rate
spot rate
forward rate
at par 短語與詞組
外匯市場
外匯交易
由…組成；由…構(gòu)成
外匯交易商
外匯掮客
即期市場
即期交易
遠(yuǎn)期市場
遠(yuǎn)期交易
遵照；服從
外匯管制
外匯匯率
交易工具
電匯價
電匯比率
即期票據(jù)
即期匯率
賣出匯率
買入?yún)R率
現(xiàn)匯匯率
遠(yuǎn)期匯率
平價
Notes
1.Spot transactions are foreign exchange transactions that have to be settled promptly, forward transactions have to be settled on a agreed future date. 即期交易是指必須立刻進(jìn)行交割的外匯交易，遠(yuǎn)期交易必須在雙方約定的將來某個日期進(jìn)行交割。
(1)此句中的that have to be settled promptly是定語從句。
(2)have to:to be obliged to; must:被迫：必須：
例：We simply have to get there on time.
我們不得不準(zhǔn)時趕到那里
(3)on a agreed future date在雙方約定的將來某個日期
agreed是agree的過去分詞，做定語，意思是"雙方約定的；雙方同意的"。
2.The price of one currency in terms of another is called rate of exchange or exchange rate. 一種貨幣的價格用另一種貨幣來表示，叫做匯率。
(1)in terms of…:as measured or indicated by; in units of:用…衡量或表示；用…的措辭：
例：distances expressed in terms of kilometers as well as miles
用公里和英里來表示距離
3.If the forward rate is above the spot rate, the difference is called premium, if the forward rate is below the spot rate, the difference is known as a discount. 如果遠(yuǎn)期匯率高于即期匯率，其差額叫做升水；如果遠(yuǎn)期匯率低于即期匯率，其差額叫做貼水。
(1)forward adj.of, relating to, or done in preparation for the future:預(yù)付的，期貨的：屬于（關(guān)于）將來的，為將來做準(zhǔn)備的
例：bidding on forward contracts for corn.
為玉米的期貨交易叫價
(2)spot adj.①made, paid, or delivered immediately立即制定、支付或發(fā)送：
例：a spot sale
即時結(jié)清的買賣
②of, relating to, or being a market in which payment or delivery is immediate現(xiàn)場交易的：貨到時付的或現(xiàn)付的，交易等當(dāng)時支付現(xiàn)金的與市場相關(guān)的或市場的，在此種市場中現(xiàn)金支付和交割即時進(jìn)行
例：the spot market in oil.
石油的現(xiàn)場交易市場
(3)premium n.the amount at which something is valued above its par or nominal value, as money or securities溢價：某物高于標(biāo)準(zhǔn)價或票面價的價值，如錢或證券
(4)discount n.①a reduction from the full or standard amount of a price or debt折扣：從整個或標(biāo)準(zhǔn)的價格或債款的折扣
②the act or an instance of discounting a bill of exchange, note, or other commercial paper貼現(xiàn)：對期票、鈔票或其他商業(yè)票據(jù)打折扣的過程或事例
foreign adj.
exchange n.
dealing n.
subject adj.
control n.
consist （of） vi.
broker n.
section n.
spot n.
transaction n.
forward adj.
settle vt.
promptly adv.
instrument n.
conclude vt.
difference n.
premium n.
discount n. 單詞
外國的，外來的
交換, 調(diào)換, 兌換
行為, 交易
受制于...的, 受...影響的
控制, 支配, 管理
由...組成
掮客, 經(jīng)紀(jì)人
部分, 斷片, 部件
地點, 場所, 現(xiàn)場
交易, 事務(wù)
屬于（關(guān)于）將來的
解決, 支付
敏捷地, 迅速地
文件；工具
締結(jié), 議定
差異, 差別, 差額
（貨幣兌現(xiàn)的）升水
折扣；貼水
Phrases and Expressions
foreign exchange market
foreign exchange dealing
consist of
exchange dealer
exchange broker
spot market
spot transaction
forward market
forward transaction
subject to
exchange control
exchange rate
exchange instrument
T/Ts
cable rate
sight draft
demand rate
selling rate
buying rate
spot rate
forward rate
at par 短語與詞組
外匯市場
外匯交易
由…組成；由…構(gòu)成
外匯交易商
外匯掮客
即期市場
即期交易
遠(yuǎn)期市場
遠(yuǎn)期交易
遵照；服從
外匯管制
外匯匯率
交易工具
電匯價
電匯比率
即期票據(jù)
即期匯率
賣出匯率
買入?yún)R率
現(xiàn)匯匯率
遠(yuǎn)期匯率
平價
Notes
1.Spot transactions are foreign exchange transactions that have to be settled promptly, forward transactions have to be settled on a agreed future date. 即期交易是指必須立刻進(jìn)行交割的外匯交易，遠(yuǎn)期交易必須在雙方約定的將來某個日期進(jìn)行交割。
(1)此句中的that have to be settled promptly是定語從句。
(2)have to:to be obliged to; must:被迫：必須：
例：We simply have to get there on time.
我們不得不準(zhǔn)時趕到那里
(3)on a agreed future date在雙方約定的將來某個日期
agreed是agree的過去分詞，做定語，意思是"雙方約定的；雙方同意的"。
2.The price of one currency in terms of another is called rate of exchange or exchange rate. 一種貨幣的價格用另一種貨幣來表示，叫做匯率。
(1)in terms of…:as measured or indicated by; in units of:用…衡量或表示；用…的措辭：
例：distances expressed in terms of kilometers as well as miles
用公里和英里來表示距離
3.If the forward rate is above the spot rate, the difference is called premium, if the forward rate is below the spot rate, the difference is known as a discount. 如果遠(yuǎn)期匯率高于即期匯率，其差額叫做升水；如果遠(yuǎn)期匯率低于即期匯率，其差額叫做貼水。
(1)forward adj.of, relating to, or done in preparation for the future:預(yù)付的，期貨的：屬于（關(guān)于）將來的，為將來做準(zhǔn)備的
例：bidding on forward contracts for corn.
為玉米的期貨交易叫價
(2)spot adj.①made, paid, or delivered immediately立即制定、支付或發(fā)送：
例：a spot sale
即時結(jié)清的買賣
②of, relating to, or being a market in which payment or delivery is immediate現(xiàn)場交易的：貨到時付的或現(xiàn)付的，交易等當(dāng)時支付現(xiàn)金的與市場相關(guān)的或市場的，在此種市場中現(xiàn)金支付和交割即時進(jìn)行
例：the spot market in oil.
石油的現(xiàn)場交易市場
(3)premium n.the amount at which something is valued above its par or nominal value, as money or securities溢價：某物高于標(biāo)準(zhǔn)價或票面價的價值，如錢或證券
(4)discount n.①a reduction from the full or standard amount of a price or debt折扣：從整個或標(biāo)準(zhǔn)的價格或債款的折扣
②the act or an instance of discounting a bill of exchange, note, or other commercial paper貼現(xiàn)：對期票、鈔票或其他商業(yè)票據(jù)打折扣的過程或事例