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What else can I help you with?
How do you convert foreign currency?
You can do 2 things Divide the currency you've got now by the base rate of the other currency Times the base rate of one currency by how many in the other. Or just put in google the two currencies
What are foreign exchange terminology?
Important terminologies includes Pip, Spreads, Capital, Leverage, Base Currency, Quote currency and much more.
What's the difference between base currency and quote currency?
Think of currency pairs like a price tag in a foreign shop. The base currency is the item you're "buying," and the quote currency is the price you're paying. For example, in EUR/USD, the Euro is the base (the item) and the US Dollar is the quote (the price). If EUR/USD is 1.10, it means 1 Euro costs 1.10 US Dollars. Simple, right? The base always comes first, and the quote tells you its price.
How does the foreign exchange markets function will help ensure success in the international business?
The Forex or FX market is critical to International business since currencies are involved when one country's business sells products to a country with a different currency. The cash market enables these transactions to take place with instant currency worth available in another currency. The International banks are huge players in this market and are instrumental in setting the current value of each country's currency. But the other part of this is the big players (about 5000 institutions) only account for 5% of the volume of trades on any given day, traders and speculators account for the other 95%. This allows for a liquid market due to the many players that are available when a trade is offered.
What is the difference between base currency and exchange currency?
Base currency is traditionaly the stronger currency and also the one which is actually bought or sold when we deal in pairs For e.g. if we BUY GBPUSD then we are Buying GBP and Selling USD , Here GBP is the Base currency and USD is the counter currency
What is India's base of currency?
Rupee
What is the monetary base equal to?
Monetary base- which is the sum of bank reserves and currency in circulation. The formulas of MB ismonetary base = reserves + currency (MB =R+C)
What is a lempira?
A lempira is the base unit of currency in Honduras, subdivided into 100 centavos.
What are the key differences between a local currency and a base currency in the context of international trade and finance?
In international trade and finance, a local currency is the currency used in a specific country, while a base currency is a widely accepted currency used as a standard for comparison. Local currencies are used for transactions within a country, while base currencies are used as a reference point for exchange rates and pricing in international trade.
What does the term currency mean?
In forex trades, it refers to the first currency in a currency pair which has the same meaning as the term "base currnecy".
What are the advantages and disadvantages of investing in the overseas stock market?
If you mean markets outside the US, there can be several advantages. In many places like China and India, the industrial base is expanding very rapidly which means there is high growth potential. Small companies with the right produce/service can become big companies in a short period of time and if you are in "on the ground floor", your investment will grow with them. Profit potential is higher because of fewer regulations and a lower wage base. On the flip side, when you get into "emerging market" countries (3rd world) there can be huge risks. Things like unstable governments, civil wars, etc. can reduce your investment to zero overnight. For example, I would not want to be invested in the Somalia tourism industry at the moment. One thing that influences any foreign investment is the fluctuation in currency values (and they fluctuate from day to day). Currency values influence exports and, as seen recently in the Japanese markets, a very small increase in the value of the Yen caused their markets to fall because it made their products more expensive on the world market. At the current time (April 2007) I've heard investment experts say that it would be good to have about 40% of your money invested in foreign markets. The key is, which ones? My second-best advice is to do your homework, and diversify your investments to reduce risk. There are international mutual funds that help reduce risk and diversify your portfolio, and most brokerage firms offer them. In many cases, you can't buy individual stocks from foreign markets without extra fees, so the mutual fund is the best way to go. Some foreign stocks are available in the form of an ADR. My best advice is to contact a broker.
What is currency linked investment?
Many banks in Indonesia offer the option of currency linked investment that allows you to receive your principal amount and yield maturity in the base currency or an alternative currency of your choice.
