BMC CURRENCIES CERTIFICATION
EVALUATION 2026 COMPREHENSIVE
QUESTIONS ANSWERS
◉ What is one of the potential implications of many countries
adopting a single currency as the Euro? Answer: Loss of autonomy
and challenges with unique economic landscapes
◉ What is one advantage of a currency peg for a country? Answer:
Eliminating currency volatility and promoting export promotion
◉ What types of digital tools and products can be created using DeFi
applications? Answer: Assets, investments, and trading applications
◉ What is the difference in purpose between spot trades and FX
swaps? Answer: Spot trades involve an immediate and simultaneous
purchase of one current and sale of another currency, whereas FX
swaps extend spot trades to mature at a later date
◉ What is the difference between Equity Investors and Fixed Income
Investors in the FX market? Answer: Equity Investors primarily
utilize FX to facilitate their equity investments, while Fixed Income
Investors combine a view on international bond markets with a view
on the underlying currencies.
, ◉ Review the most recent BIS Triennial Survey taken in April 2022.
What was the average daily FX volume? Answer: $7.5 trillion per day
◉ What is the term for combining views on FX with other markets?
Answer: Global Macro
◉ Which of the following most accurately reflects the FX trading
volume and trend when comparing the Euro with the Chinese
renminbi between 2019 and 2022? Answer: In 2022, the Euro
continued to be the second most actively traded currency on one
side of about 30.5% of all trades but a decline from almost 32% in
2019. The renminbi's share rose to 7%, making it the fifth most
traded currency in 2022 up from eighth place in 2019, with a 4%
share. While the renminbi is grew much faster than the Euro, it still
trades less than 25% of the volume of the Euro
◉ Which currency classification would best describe the US dollar
Answer: Global Reserve Currency
◉ Based on the two charts: What is the price of the Euro in terms of
the Canadian dollar? Answer: 1.4474
◉ Based on the following Big Mac index screen shot, which of the
following currencies is considered the most overvalued and which is
EVALUATION 2026 COMPREHENSIVE
QUESTIONS ANSWERS
◉ What is one of the potential implications of many countries
adopting a single currency as the Euro? Answer: Loss of autonomy
and challenges with unique economic landscapes
◉ What is one advantage of a currency peg for a country? Answer:
Eliminating currency volatility and promoting export promotion
◉ What types of digital tools and products can be created using DeFi
applications? Answer: Assets, investments, and trading applications
◉ What is the difference in purpose between spot trades and FX
swaps? Answer: Spot trades involve an immediate and simultaneous
purchase of one current and sale of another currency, whereas FX
swaps extend spot trades to mature at a later date
◉ What is the difference between Equity Investors and Fixed Income
Investors in the FX market? Answer: Equity Investors primarily
utilize FX to facilitate their equity investments, while Fixed Income
Investors combine a view on international bond markets with a view
on the underlying currencies.
, ◉ Review the most recent BIS Triennial Survey taken in April 2022.
What was the average daily FX volume? Answer: $7.5 trillion per day
◉ What is the term for combining views on FX with other markets?
Answer: Global Macro
◉ Which of the following most accurately reflects the FX trading
volume and trend when comparing the Euro with the Chinese
renminbi between 2019 and 2022? Answer: In 2022, the Euro
continued to be the second most actively traded currency on one
side of about 30.5% of all trades but a decline from almost 32% in
2019. The renminbi's share rose to 7%, making it the fifth most
traded currency in 2022 up from eighth place in 2019, with a 4%
share. While the renminbi is grew much faster than the Euro, it still
trades less than 25% of the volume of the Euro
◉ Which currency classification would best describe the US dollar
Answer: Global Reserve Currency
◉ Based on the two charts: What is the price of the Euro in terms of
the Canadian dollar? Answer: 1.4474
◉ Based on the following Big Mac index screen shot, which of the
following currencies is considered the most overvalued and which is
