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What is foreign exchange market and who are the major players in it?
Wiki User
∙ 12y ago
Foreign exchange refer to the act of exchanging one country's currency by a different country's currency. The foreign exchange rate represents the price of one currency in relation to another currency.
Wiki User
∙ 12y ago
JUSTIN VENISSAT
Wiki User
∙ 12y agoForeign exchange (Forex, FX, or currency market) is the worldwide decentralized OTC (Over the Counter) financial market of currency trading. The major inter-bank players are Deutsche Bank 18.06%, UBS 11.30%, Barcleys 11.08%, City 7.69%, RBS 6.50%, JPMorgan 6.35%, HSBC 4.55%, Credit Suisse 4.44%, Goldman Sachs 4.28% and Morgan Stanley 2.91%.
Wiki User
∙ 14y agoForeign exchange, or Forex, is trading in currencies so that large businesses can trade one currency for another. Individual traders participate by trying to estimate the currency rates of a certain pair. The foreign exchange market is the largest and most liquid financial market in the world.
Wiki User
∙ 12y agoConvert one type of currency into another at a given exchange rate.
That rate is determined by the supply and demand of the desired currency plus processing fees and/or commissions charged by the retail institution.
The market where everyone can exchange currency into another called Forex (foreign exchange) market.
Wiki User
∙ 10y agoThrough the foreign exchange trade market, you can exchange currency between different regions. This service is mainly used by large corporations such as international banks. You can learn more about the foreign exchange market at the Wikipedia.
Wiki User
∙ 7y agoA lot of beginners make decent profits. But it is absolutely a must to undergo some training.
Wiki User
∙ 11y agoForeign exchange market (FOREX) is the buying and selling of Currencies (MONEY)
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Best Foreign-Exchange Service?
Now our customers can undertake trouble free foreign travel because their major foreign currency requirement will be taken care through ICL foreign exchange services. We deal in exchange of major international currencies like US Dollar, British Pound and Japanese Yen, etc with competitive rates.
Where to exchange dollars for euro?
Depends where you are. Many banks have a foreign exchange department, as do major hotels and money exchanges
What are the major players of secondary market?
Mutual fund and FII
What foreign country produced the most major league baseball players?
The Dominican Republic has produced 486 MLB players, by tfar the msot of any foreign country.
Where can you find a foreign exchange location?
If you are referring to a foreign exchange booth in a country, these are typically located near banks or near major tourist destinations, such as airport, major malls, near a border town bordering another country, etc.
How many foreign players played Major league baseball in 1999?
out of 1,209 players who played at least one game in 1999, 932 were born in the USA, leaving 277 foreign born players, or 23%
What are some of the places that offer FX trading platforms?
You can find FX trading platforms from the Major 'Foreign Exchange' merchants and stock market brokering websites. Software developers such as 'spotware' also produce them.
Which foreign country has produced the most Major League Baseball players?
Dominican Republic
What are the functions of the world's major foreign exchange markets?
Generally, the functions of the world's major foreign exchange markets are to accommodate and determine an exchange rate, which is determined through the basic principles of supply and demand. An exchange rate is essential for a economy due to the potential of economic growth that resides with exports and imports. International trade, foreign investment, the demand for a country's dollars buy exporting firms in the same country (export services as well) and employment are factors needing an exchange rate which allows the above to positively influence an economy.
Why are major league baseball players drafted from other countries?
They aren't drafted. Foreign players become free agents at the age of 16.
Where can one find Forex currency rates?
Foreign exchange rates, also known as Forex currency rates, are available at any major bank, as well as numerous online sources. One can also exchange foreign currency at any major bank, such as Bank of America.
To buy or sell shares of stock on a major exchange a person should seek the service of who?
Brokerage market
