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SUMMARY ON SEVENTH SESSION ON INTERNATIONAL

BUSINESS
The session started with discussion of different types of exchange rates and institutional
arrangements that govern exchange rates . Floating exchange rates occur when foreign market
determine the relative value of currency. The world’s largest currency like Yen, Pound, Dollar &
Euro are free to float against each other.

Then we have discussed about different types of exchange rate which are pegged exchange
rates are rates which occur when value of currency is fixed relative to reference currency.
Second type is dirty float occur when countries hold their currency in the range of currency of
reference curreny. Third type is fixed exchange rate occurs when set of cuurencies are fixed
against each other mutually.

Then we discussed about currency management , business strategy and corporate government
relation . At last we discussed about Walmart case study.

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