Courses in Airlines Jobs in
Airlines
The foreign exchange market (forex, FX, or currency market) is a
global, worldwide decentralized over-the-counter financial market
for trading currencies. Financial centers around the world
function as anchors of trading between a wide range of different
types of buyers and sellers around the clock, with the exception
of weekends. The foreign exchange market determines the relative
values of different currencies.
The primary purpose of the foreign exchange is to assist
international trade and investment, by allowing businesses to
convert one currency to another currency. For example, it permits
a US business to import British goods and pay Pound Sterling, even
though the business's income is in US dollars. It also supports
speculation, and facilitates the carry trade, in which investors
borrow low-yielding currencies and lend (invest in) high-yielding
currencies, and which (it has been claimed) may lead to loss of
competitiveness in some countries.
