An economic model associated with exchange-rate forecasting. The covered interest-rate parity theory identifies a relationship between the interest rates in two currencies and the spot and forward exchange rates (see covered interest-rate parity). The uncovered interest-rate parity theory substitutes the expected actual spot rate for the forward rate and provides an estimate of future currency movements and their relationship to interest rates in the different currencies.

See:

forward dealing, spot currency market.

• interim accounts
• interim dividend
• interim financial statements
• interim report
• intermarket spread swap
• Intermarket Trading System
• intermediary
• intermediate-term
• intermediation
• internal audit
• internal capital generation rate
• internal control
• internal growth
• internal rate of return
• Internal Revenue Code
• Internal Revenue Service
• International Accounting Standards Board
• International Bank for Reconstruction and Development
• International Banking Credit Agency
• international banking facility
• international bond
• International Centre for the Settlement of Investment Disputes
• International Chamber of Commerce
• International Commodities Clearing House
• international commodity agreements