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Why is the exchange rate for buying and selling currency different?
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What is the market for foreign currency exchange?
Question: What is the foreign currency exchange market?Ans:The main currency exchange market is Forex/FX. The market covers all the accepts of selling and buying currencies on the existing values. In terms of volume it is the largest currency market of the world.
What is monetary exchange?
It is an exchange of currencies. The buying and selling of currencies example, buying euros by usd's
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 are the buying and selling money using other types of money?
Exchanging Currency
What is the buying and selling of goods between different places?
The buying and selling of different goods is called commerce, or imports and exports.
Why selling and buying rates of dollars are different?
in-order for the person or thing selling the currency and buying it such as usual exchange stations on the street or banks to make profit.
What is Forex Services?
forex is Foreign Exchange (buying and selling of foreign currency)
What is the market for foreign currency exchange?
Question: What is the foreign currency exchange market?Ans:The main currency exchange market is Forex/FX. The market covers all the accepts of selling and buying currencies on the existing values. In terms of volume it is the largest currency market of the world.
What does it mean by buying TT or OD or selling TT or OD in foreign exchange?
TT - telegraphic transfer OD - on demand, i.e. currency notes Buying TT or OD = bank buying from you Selling TT or OD = you buying from bank
What is monetary exchange?
It is an exchange of currencies. The buying and selling of currencies example, buying euros by usd's
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 are the two exchange function of marketing?
Buying and Selling
What determines the foreign currency value against Indian currency?
The foreign currency against domestic currency is the buying and selling
How many dollars is 420 euros?
Exchange rates are dynamic so you will need to use one of the web-based currency converters. These will usually give the average of the buying and selling rates: you will not get that good a rate when you do convert the currency.
Functions of Bombay stock exchange?
shares buying and selling...
Why should need money?
Because it in an internationally recognised unit for exchange no matter what the currency. It simplifies buying and selling and allows people to value items they wish to purchase or sell.
What are the basics of currency trading?
To understand the basics of currency trading, one must learn about the foreign exchange market, or 'forex' for short. Trading currency is always done in pairs, EUR/USD, because you're always buying one and selling the other.
