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What else can I help you with?
What would be some benefits of a global currency?
There are many benefits of Global Currency, including eliminating the chance of currency failure, there would be no need for foreign exchange, and elimination of transaction costs.
How do you make transaction foreign money to State Bank of India?
Visit the bankRequest the customer care officer that you need to make a foreign currency transactionThe bank will ask for proof that you either earned an income in foreign currency or are in need of foreign currency due to a legitimate reasonThey will ask you to fill up some formsOnce done, you will be able to transact in foreign currency.
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.
Why do you need currency exchange?
Foreign Currency rates fluctuate based on the market forces of demand and supply. This means the rates can change at any given moment. We need a foreign exchange market to determine a value for each foreign currency and this would make it easier to exchange different currencies for one another.
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.
How do I compute a foreign currency exchange?
First you will need to find the country you will be exchanging currency with. Once that is found, you will simply transfer dollar for "dollar". A bank can do this for you. If you wish to do on your own, I would suggest a currency converter. They are normally accurate.
What factors determine the demand for a foreign currency?
The demand for a foreign currency is based on how many buyers are in the market. Generally speaking, when a corporation seeks to buy products from another company in a foreign country, that corporation will need to make the purchase in the currency of the aforementioned company. Usually their bank will enter the foreign exchange market on behalf of their client and buy the currency required. The greater the demand for that currency, the higher its price.
Where can one learn to trade in the foreign currency market?
One can learn to trade in the foreign currency market can be found on the FXCM website. This will tell you all you need to know including what to beware of in the market.
Is it possible to make transaction foreign money through Axis Bank of India?
Yes. Axis Bank in India deals with foreign currency transactions. You can both deposit and withdraw currencies that are not the Indian Rupee. All you need is proof that you either earned an income in foreign currency or are in need of foreign currency due to a legitimate reason. Let us say you are going for a trip to USA and need dollars, you can deposit rupees with the bank and ask them to issue you US dollars which they will do so.
Where can I learn about currency trading pips?
Currency trading is based on the value of the dollar. It involves foreign currencies. Keep in mind we are bouncing just above recession. Currency trading is high risk. However, if you need a company that would give you details, I recommend Vangard.com.
Is Greece a good choice for holiday at the moment?
Absolutely - they are hungry for your business - they need the foreign currency
Where can one exchange or order various forms of foreign currency?
One can exchange or order various forms of foreign currency at an airport, at some ATM's, and in banks. For certain currencies, you may need to order it in advance.
