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What else can I help you with?
Trade weighted index?
a representation of the average exchange rate between one country and a variety of foreign currencies according to their relative importance to their trade.
What exactly does the term forex trading refer to?
Forex trading is "foreign exchange trading". That is, it deals with trading world currencies. http://www.forextrading.com/ is a website that could offer help to someone looking to trade foreign currencies; say the Japanese yen for US dollars.
How can one buy foreign currency for investment purposes?
To buy foreign currency for investment purposes you can contact a Exchange Trade Funds broker. They are brokers that specialize in foreign currency and can help you choose the right currencies.
What is the function of authorized dealer foreign exchange?
AD Category "A" branches are authorised to maintain Foreign Currency Accounts and also open and maiontain NOSTRO Accounts. "B" categy branches handle trade and Service related transactions denominated in foreign currencies and Rupees and also operate the Nostro accounts. C Category branches handle trade and Service related transactions denominated in foreign currencies and Rupees but have report through a Link Office, B category branch................
How does foreign exchange risk cause loss and collapse of multinational companies?
They trade in various currencies/ if the currencies fluctuate they may lose lots of money because they calculate on an exchange rate and it varies! Remember - they deal in millions at a time
FX trade refers to what type of trading?
FX, also called Forex is a trading process that specializes in the trading of foreign currencies (Forex is a portmanteau of Foreign and exchange). It is also referred to as a currency market.
Why foreign exchange occur?
Foreign exchange occurs to facilitate international trade and investment by allowing currencies to be exchanged for one another. It enables businesses and individuals to convert their domestic currency into foreign currency to purchase goods, services, or assets abroad. Additionally, foreign exchange markets provide a platform for speculators and investors to trade currencies, influenced by factors such as interest rates, economic indicators, and geopolitical events. This dynamic system helps maintain balance in global economic interactions.
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.
Why some currencies are worth more than others?
it depends on many factors such as interest rate,economy health and foreign trade. if your interest rate is high, investers are more willing to buy your currency as it will have high return for them. if your inflation is low, you are going to have more investors thus more demand for your local currency. the value of your currency will go up if you have foreign trade(exports) by wich foreign currencies enter your country resulting in demand and uppreciating local currency.
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.
What is the strength of the dollar against foreign currencies?
exchange rate
What is forex mutual funds exactly?
Forex mutual funds trade foreign currencies,are very liquid and difficult for individual investors to access. Look for a broker that specializes in these funds.
