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Pounds too.
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what is trading and what are the types of trading?
Currency trading is buying foreign currency and converting it to your currency. Foreign currency when converted to US currency is worth more than the American dollar. In order to do this you need to know the exchange rates.
How can a central bank use its currency reserves to support the value of its country's currency in the foreign exchange market?
Central banks use reserves in 2 ways: 1) They acquire (buy) foreign currency, often US Dollars, with their currency to keep their currency relatively weak and so enhance exports. This is what the US is acusing China of doing. 2) They use their foreign reserves to buy their own currency and support if from falling in value. This is what happened, with limited temporary success and eventual failure in Asian currencies, such as the Thai Baht, in 1997.
Which of the following is the world's most important reserve currency making up more than 64 percent of all foreign currency reserves in the world?
The US dollar
What is 100 lire in Italian currency from 1976 worth in US currency?
Its foreign exchange value is about 7 US cents (if it is still actually exchangable). Its value as a collectors piece would depend largely on its condition.
What is the difference between foreign exchange and currency futures?
Foreign Exchange (Forex) is everything that has to do with converting one currency to the other. You often see foreign exchange market, foreign exchange transaction, foreign exchange rate. Foreign exchange rate is simply a rate at which you can convert one currency to the other, a price of one currency expressed in the other currency. For example if you see EUR/USD 1.30, this means you can buy one Euro for 1.30 US Dollars. 1.30 is the eur/usd forex rate. Futures are financial contracts that set the price for delivery in the future. There are futures on almost all asset classes, including currency. An example of currency future would be a contract to sell 1 Million EUR against USD for a price (rate) of 1.30 USD per EUR in 3 months.
Compare prices of us currency with foreign currency?
go to xe.com, its a currency conversion site.
Where can l exchange Budapest currency for us currency?
You can exchange Budapest currency for US currency at most banks that exchange foreign currency. You can also make this exchange at places like currency kiosks at international airports.
what is trading and what are the types of trading?
Currency trading is buying foreign currency and converting it to your currency. Foreign currency when converted to US currency is worth more than the American dollar. In order to do this you need to know the exchange rates.
What is Honolulu's currency?
As part of the United States, they use US currency. For travelers to the island there are ample opportunities to convert foreign currency.
Does us mint print foreign currency?
The US Mint is responsible for the production of US coins.It does not print currency. The Bureau of Engraving and Printing is responsible for the printing of US currency and other government related securities.
Are there any US Banks that provide foreign currency denominated deposit accounts if so which?
Yes, EverBank.com provides foreign currency deposit accounts.
Will any us bank convert your foreign money?
Yes. Most banks will convert your foreign currency cash into the local currency. They will do it only if you are either:A foreign national who is on a tourist trip to the nation and need local currency orYou were employed in a foreign country and are trying to convert your earnings abroad into the local currency for use.
Can you maintain a foreign currency account in the us?
B
Do all US banks now charge a fee for providing one with foreign currency?
Not all Banks charge for foreign currency, but most of the larger national banks do charge.
How can a central bank use its currency reserves to support the value of its country's currency in the foreign exchange market?
Central banks use reserves in 2 ways: 1) They acquire (buy) foreign currency, often US Dollars, with their currency to keep their currency relatively weak and so enhance exports. This is what the US is acusing China of doing. 2) They use their foreign reserves to buy their own currency and support if from falling in value. This is what happened, with limited temporary success and eventual failure in Asian currencies, such as the Thai Baht, in 1997.
Are there disclosure requirements in the US that govern the reporting practices of foreign currency transactions?
Yes the SEC as of 1997 does require disclosure from organizations that are participating in foreign currency transactions. One reason being the exchange rate between that foreign country and the US and how that currency could change and result in an unanticipated gain or loss for the organization.
Do you buy items made only in the us as you should?
you buy them with currency, as you do foreign products as well. if you neglected to exchange the product for currency, you are a thief
