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What do you mean by foreign exchange?

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forextrade

Posts : 2
Join date : 2016-03-13

What do you mean by foreign exchange?

Post by forextrade on Sun Mar 13, 2016 6:54 pm

Need to know about it in respect of finance as the main subject.

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helen01

Posts : 191
Join date : 2016-03-21

Re: What do you mean by foreign exchange?

Post by helen01 on Mon Mar 21, 2016 6:48 pm

The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a business in the United States to import goods from the European Union member states, especially Eurozone members, and pay euros, even though its income is in United States dollars. It also supports direct speculation and evaluation relative to the value of currencies, and the carry trade, speculation based on the interest rate differential between two currencies. In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying for some quantity of another currency.



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