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FVp = ∑ PVi (1+i)n * (f/s) (Bid/ask) Swap: is a contract that we can do in derivatives market underying asset (active subyacente)
underying asset (active subyacente) contracts in which twopeople agree to buy or sell something at a certain day with a certain price (settled price precio pactado), In some place. The buyer (Long), the seller (short), maturity, specifications.
* Swap: is acontract to buy and sell a foreign rate
* Forward: is a contract to buy or sell a foreign rate
* Futures
* Options
Whatever happens to the underying asset, will affect the derivativemarket

LONG St > K = Profit
St < K = Loss
Zero sum game
SHORT St > K = Loss
St < K = Profit

Ninja: no income, no job, no assets
Credit default swap:contrato de cobertura de riesgo no pago de un crédito. (seguro)

INTERNATIONAL PARITY THEORIES

Forecasting:
Los datos historicos de tasa de cambio peso dollar confrecuencias diarias y frecuenciasmensuales
Purchasing power parity (ppp) absolute, relative
Interest rate parity IRP
Fisher effect domestic, international

Mac index: compara los precios de la hamburguesas en todo el mundo paramostrar si la ley del único precio se cumple o no se cumple.

El precio de un bien en un país a, es igual al precio de un mismo bien en el país b, multiplicado por la tasa de cambio del país b

Pa= Pb * S (a/b)

Esta teoría propone una relación entre precios y tasa de cambio.
Pa/ Pb = S a/b

Incremento P = (Pt/ (Pt – 1)) -1 inflation

The law of one price (big mac index)
Pcol= 6000Pusd= 3 dolares
S cop/usd= 2000 (ideal ex rate) parity exchange rate (1850) real exchange rate, currently price.

Ppp purchasing power parity
Absolute | Relative |
If law of prices works forone product, it works for a basket of products | ∆P= inflation |
Pa,b= Pb,b*Sa/b | %∆Sab=Pa-Pb1+Pb |
The basket are not equal | Inflation USA= 5%, UK= 6,5%%∆Susdgbp=0,05-0,0651+0,065=-0,014 |...
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