Here's another word to help win at your next Scrabble or Trivial Pursuit game: cambrist. (Though, for Scrabble, it would be nice if it had an "X" in it.) Part economist, political analyst and professional foreign currency trader, a cambrist can tell you anything you need to know about buying and selling on foreign exchange markets.
The unusual name comes from the Latin word (take a guess here) "to exchange." They analyze everything from political events, past history of exchange rates, Gross Domestic Product (GDP) of a country, debt ratios and anything else that could possibly affect foreign exchange rates. So whether you need to know the rate to exchange Nigerian naira for Canadian dollars or how a trade war could affect foreign currency rates, a cambrist is the person to call. There's a similar term "cambist" which means pretty much the same thing...it's kind of a potato/poTAHto situation.
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Finance: What is a Yankee Bond?36 Views
Finance allah shmoop what is a yankee bond We're safe
We're sound we're saying at least that's how we look
financially when you know the u s has compared with
most of the rest of the world that's why a
bunch of countries issue their own bonds denominated in u
s dollars you know countries like panama el salvador micronesia
and macron asia Well ours is ah hard currency and
that we don't or at least haven't historically created massive
ten percent a month inflation to deflate the value of
our own currency and well that would make it super
easy for our government to pay off its ludicrously high
death but we don't do that We respect the people
who loaned money to us including our own citizens So
we have a hard currency It just kind of stays
where it is Yes there's inflation Yes we raise the
rates a little bit here and there defended but generally
just kind of does its thing So we fight hard
to keep that trust that the rest of the world
often values more than well trust in their own governments
or at least their own government's ability to manage their
currency when they issue say argentinean bonds payable in u
s dollars Well then that's a yankee bond And we 00:01:14.819 --> [endTime] are the banker And well they are the yankee
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