Tuesday, June 8, 2010

Foreign currency market

Foreign Exchange (Forex, FX or currency) will be distributed worldwide sales trading financial instruments. financial centers in the world in trade between the anchor has many buyers and sellers at any time, except weekends.

The course "Forex" is to promote international trade and investment. Foreign currency can be converted into another currency. For example, it allows us operators to import goods and services, wages, although corporate profits in U.S. dollars. Some experts believe, however, that the theory of free movement of money from large financial institutions such participation to improve the global movement of capital account deficit is much more difficult. This trade could lead to a loss of competitiveness abroad.

In a typical exchange pages the same amount of money to pay more money to buy. Modern foreign exchange market started in 1970 when the country finally has a floating exchange rate, which is in the same room as the Bretton Woods system

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