Stated differently, the investor borrows a given amount in a currency with a low interest rate (known as the funding currency), exchanges the funds into a currency with a high interest rate (known as...


Stated differently, the investor borrows a given amount in a currency with a low interest rate (known as the funding currency), exchanges the funds into a currency with a high interest rate (known as the target currency), and lends (invests) the resulting amount in that currency.



May 24, 2022
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