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What is exact mean by forex?
Forex (or FX) is short for Foreign Exchange. It represents a transaction where a currency is exchanged for another at a mutually agreed rate.
What do you mean by foreign exchange?
Foreign Exchange is Exchange between two currency.
What is a debt -for nature swap?
Debt for nature swap is a transaction in foreign exchange which debt owed by a developing country is transferred to another organization. This swap in done in money.
What is foreign exchange operation?
The Eurosystem conducts foreign exchange operations according to Article 105 and consistent with the provisions of Article 111 of the Treaty establishing the European Community. Foreign exchange operations includeforeign exchange interventions;operations such as the sale of foreign currency interest income and so-called commercial transactions.
Is foreign exchange regarded as a transaction in the money market?
Yes apparently its true but at the same time you can trade metal, oil, and food items etc. Its depends on the market where you are trading in the globe.
How does the government control foreign exchange?
by applying restriction on the amount of transaction government can control foreign exchange.
How is a foreign exchange market different from foreign exchange?
Foriegn Exchange invloves physical transaction of currencies from a dealer or broker. But Foreign Exchange Market involves a virtual transaction with real money. Foreign Exchange market is largest of all the markets and nearly 10 times bigger than NYSE. These simple sentences can't explain the difference. You need to drill more to know what it is.
What is forward rate in foreign exchange market?
Transaction in future date by forward contract(future delivery) to purchase/sell foreign exchange at prevailing rate.
What factors create a foreign exchange gain on a foreign currency transaction?
An appreciation in a foreign currency creates a foreign exchange gain when the foreign currency is to be received. A decrease in the value of foreign currency creates a foreign exchange gain when the foreign currency is to be paid. (Hoyle, Schaefer, Doupnik, 2009, pp. 328)
What is a prohibited currency?
Some countries restrict their currency from freely trading. They require a Foreign Exchange transaction to be supported by documenttion justifying the transaction, such as a trade document.
What is exact mean by forex?
Forex (or FX) is short for Foreign Exchange. It represents a transaction where a currency is exchanged for another at a mutually agreed rate.
What is spot transactions?
A spot transaction is the sale of a product at a fixed price. Or, in the wholesale Foreign Exchange market, settlement occurs two business days after the transaction has been concluded. This is the technical meaning of the word 'spot'
What is definition of foreign exchange market?
Foreign exchange is exchanging foreign currencies. The foreign exchange market assists international trade and investment by enabling the conversion of currency. In a typical forex transaction , one side purchases one currency for another. Currency trading is carried out on forex platforms, like eToro or Zulutrade. Fiding these platforms is usually done by searching the web for "forex", "foreign exchange", "trading forex, "trading online", and so on. Once a suitable platform is found, one can open an account and start trading. To learn more, it is advisable to look into the top forex websites, which have plenty of guides, turorials and useful information. ============================== Foreign Exchange refers to trading one type of money for the other in the FOREX market or foreign exchange market. Foreign exchange market deals with currencies; here you spend your own money to buy a foreign currency you want. Foreign exchange market offers services to many individuals, businesses and foreign investors. For individuals - if you are going to visit a country, then you need to exchange your country's currency into local country's currency for further expenditures. For businesses - if you're conducting business in overseas, then you must have a foreign bank account for exchange services. Because the bank will handle all the currency exchange services during money transaction. For investors - if you are investing money in different currencies, then you need foreign exchange service for investments.
What is Partial convertibility of currency?
it means that any domestic or foreign agent can convert its domestic currency to a foreign currency at an official exchange rate in order to complete the current account transaction. current account transaction involves the purchase and sell of visibles and invisibles like goods & services.
Which foreign exchange system has the highest foreign exchange rate?
The Zimbabwean has the highest foreign exchange rate.
What do you mean by foreign exchange?
Foreign Exchange is Exchange between two currency.
Is unrealized foreign exchange gain a non cash item and be excluded in consolidated income?
Unrealised foreign exchange gain on non-cash, monetary items are included in P&L, but non-monetary items such as prepayments for goods and services, PPE, inventory are not translated using historical exchange rate at transaction date and subsequently not revalued.
