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What is the advantage of import and export?
I another country does not produce the products that my country produces, I can send my products to that country in exchange for products that they produce that I do not have. .... Simples 2.It ensures a nation earn foreign exchange therefore improving the living standards of that country
Why do countries buy foreign exchange?
Countries buy Foreign Exchange for the following reasons:As a means of investment to earn revenue in anticipation that the purchased currency will appreciate.For payment of import duties and goods.For hedge funds.To boost their foreign reserve
What are the sources of supply of foreign exchange?
The supply of foreign exchange of a given country stems from the sale of foreign merchandise, services, and capital to that country. When foreigners want to buy a country's exports, they must purchase it currency with their own. Thus the supply of one country's currency available to a second country is closely related to the demand for the second country's currency. When the demand schedule of a given country for a foreign currency is known, the supply schedule of the foreign country's exchange can be frequently derived from it. BY TAVINDER SINGH CAREER BUILDER C-1503 INDIRA NAGAR,LUCKNOW
What is the significance of foreign exchange rate?
Foreign Exchange student programs are important to a country because it gives students opportunities that might not exist in their home country. Foreign Exchange of currency is important for the tourist industry and the trade industry.
How does oil contribute to an economy for example Uruguay discovers oil how does this help Uruguayans get jobs and wealthier?
Oil will expand the economy of Uruguay. The country will earn extra foreign exchange which will be channelled in other areas of the economy.
What is the advantage of import and export?
I another country does not produce the products that my country produces, I can send my products to that country in exchange for products that they produce that I do not have. .... Simples 2.It ensures a nation earn foreign exchange therefore improving the living standards of that country
What is a foreign exchange?
Foreign exchange or Forex refer to exchanging one country's currency by another country's currency.
What is the foreign exchange?
Foreign exchange refer to the act of exchanging one country's currency by a different country's currency.
What is Foreign Exchange?
Currency of another country
Which country has largest stock of foreign exchange reserves in the world?
China's foreign exchange reserves is $2.13 trillion
Why do you need currency exchange?
Foreign Currency rates fluctuate based on the market forces of demand and supply. This means the rates can change at any given moment. We need a foreign exchange market to determine a value for each foreign currency and this would make it easier to exchange different currencies for one another.
What are some of the importance of irrigation?
It helps to earn foreign exchange very helpful -By Rutvik A. Shah
What exactly does a forex exchange mean?
I think 'forex exchange' comes from the term 'foreign currency exchange'. You can exchange your money from the currency of the country you are based in to a currency from another country.
What is the foreign exchange rate in the US?
The US foreign exchange rate varies greatly depending on the country and currency. The current foreign exchange rate for euros is 0.77 euros per USD. The current foreign exchange rate for CAD is 1.02 CAD per USD.
What is a Foreign Exchange Allocation Approval Number where do I get one?
A Foreign Exchange Allocation Approval Number is used in sending goods to another country to be sold. A Foreign Exchange Allocation Approval Number can be purchased from the government.
How can you profit from foreign exchange?
You can trade currency through forex and earn a lot of money by doing so.
Why do countries buy foreign exchange?
Countries buy Foreign Exchange for the following reasons:As a means of investment to earn revenue in anticipation that the purchased currency will appreciate.For payment of import duties and goods.For hedge funds.To boost their foreign reserve
