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These types of investments do work, but they are typically high-risk, high-reward investments that are riskier than bonds and stocks. Learn more about the process at http://en.wikipedia.org/wiki/Foreign_exchange_market.

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13y ago

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What is the current foreign exchange rate for currencies?

You can update the foreign exchange rate of currencies in the Internet or on forex brokers, such as alpari.com/#informer=quotes or any other ones.


What is the strength of the dollar against foreign currencies?

exchange rate


Where can one find the best exchange rate for foreign currencies?

When looking for the best exchange rate for foreign currencies, it is best to adopt certain payment strategies. A few great methods for finding the best exchange rates for foreign currencies is to haggle with the local people, use debit and credit cards, and know your banks and other banks exchange rates.


What statement describes the foreign exchange rate?

The foreign exchange rate is also known as the exchange rate. This is defined as the difference between two currencies.


What has the author Charles Dushek written?

Charles Dushek has written: 'Trading in foreign currencies' -- subject(s): Foreign exchange, Foreign exchange futures


What is the term for a system for exchanging currencies between nation?

Foreign Exchange


What is foreign exchange gain loss?

It's a foreign exchange gain or loss, so when you exchange currencies, you can either make a gain or a loss from it (profit or loss).


What is a fx trader?

"Fx trader, or Foreign exchange market, is a global financial market to show the current foreign exchange on currencies. It determines the currency exchange rates."


What is forex trading, and how is it used?

Forex trading deals with the world currencies. Forex actually is short for Foreign Exchange. Countries will trade their currencies to gamble on the current exchange rates. Since the rates change daily and a currency changes in relation to economic conditions and emergencies.


What describes what is done with foreign currency in the currency exchange market?

Bought and sold using different foreign currencies.


What happens at the foreign exchange market?

People buy and sell foreign currencies like euro, USD etc


Why would you exchange currencies?

Currency exchange is commonly done for various reasons, including travel to foreign countries, where travelers need local currency for expenses. Additionally, businesses may exchange currencies for international trade to pay suppliers or receive payments in different currencies. Investors also engage in currency exchange to capitalize on fluctuating exchange rates, aiming to profit from currency market movements. Lastly, individuals may exchange currencies for remittances or investments in foreign assets.