Cambist


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Cambist

A trader or other expert in foreign exchange. Cambists are usually successful in trading currencies in their own right, and companies engaged in international trade may employ them to help reduce currency risk. Cambists must be able to read market factors that may affect a currency's value, but must also consider political factors as well. For example, in 1992 George Soros short sold $10 billion worth of British pounds on the United Kingdom's reluctance to either let its currency float or raise interest rates. Soros earned over $1 billion by considering both the economic and political situations surrounding the sterling.
References in periodicals archive ?
He commended the participation of President Sarkozy, who is scheduled to address 38th Interarab Cambist Association (ICA) Conference, lauding his international experience as a leader of France, one of the political and economic powers in the world.
The 38th ICA (Interarab Cambist Association) conference concluded Sunday at the Ritz-Carlton, Bahrain Hotel and Spa in Manama, closing three days of lively sessions that examined changes in the economic order.
BNA) -- His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has deputised Deputy Premier Shaikh Khalid bin Abdulla Al Khalifa to open the 38th Interarab Cambist Association (ICA) Conference, hosted by the kingdom under HRH Premier's patronage.
The 38th Interarab Cambist Association (ICA) conference will be held in Bahrain for the fourth time under the patronage of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa from November 14 to 17.