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How can you gain from currency conversions?
By buying a currency, waiting until that currency strengthens against your initial currency, and then selling back and making a profit.
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 year did Yemen gain its independence?
North Yemen became independent from the Ottoman Empire in 1918.
What is the point of the FOREX Foreign Exchange?
The point of the FOREX Foreign Exchange is to invest money from one type of currency to another in hopes to make a gain and profit from a certain currency rising in value. Money can also be lost in these type of exchanges when the currency you brought has went down in value.
From the Trade date to the Settlement date what is the Realized Gain or Loss?
The Mark-To-Market gain or loss from trade date to settlement date will reflect any move in the currency's value over the period.
What do you call a monetary gain?
CURRENCY or MONEY
Why is there a need for currency exchange?
Simply, to gain profit.
What do you term by currency exposures?
Currency exposure occurs when you could make a loss (or gain) from an FX rate changing. For example, If I had a bank account in the UK with GBP10,000 when I am a US investor, should the Sterling FX rate change then that will affect the current US Dollar value, so I have a currency exposure.
Is it realized or unrealized gain or loss while revaluation on cash balance in foreign currency according exchange rate?
It is an unrealized gain / loss. It is a restatement of the value of a balance in a certain currency, in relation to the base currency of the balance. Realized gains / losses are for 'finalized' transactions, such as outstanding vendor amounts paid or customer amounts received and there is a loss or gain realized at that point. (this happens when there is a big fluctuation between the date the transaction is executed and the date the money changes hands)
What are the risks involved in foreign exchange market?
Trading with foreign currency is the risk, as because the change in the value of currency... As the market changes, traders have to make sure their trade to gain yield.. Without the experience and aware on trade, forex is the risk trade..
When does an unrealized foreign exchange gain or loss become a realized gain with respect to the foreign currency bank accounts?
When the cash in the bank account is sold at a currency other than its denomination.
What is is exchange gain or loss?
An exchange gain is when a company buys something one day at one rate of currency but then actually pays for what they bought a different day and the rate of currency is different and higher will cause an exchange gain. An exchange loss is when the rate of currency is lower when company actually pays for item and enters it in the books.
