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Companies enter the foreign exchange market to facilitate their regular transactions and or to speculate

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14y ago

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Foreign exchange trading is done on the foreign exchange market and allows for conversion of currency. Participants include banks, corporations, and speculators.


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Hw FOREIGN Xchange works?

The main sources of foreign exchange are export earnings from goods andservices, remittances from overseas, direct investment flows and private andofficial loan inflows. The owners of these receipts are the fundamental suppliersin the market, that is, they sell foreign exchange to licensed foreign exchangedealers who are then able to sell to other institutions and individuals who need tobuy foreign exchange.In addition, the National Bank may sell from itsforeign reserves to augment the supply of foreign exchange in the market.On the other hand, individuals and companies need to buy foreignexchange for various reasons. These buyers use the foreign exchange topay for imports of merchandise, to make service payments (inclusive oftravel), to repatriate profits, and to repay external debt. The National Bank may also purchase foreign exchange from the market and this willadd to the official Net International Reserves.The sellers and buyers of foreign exchange are not mutually exclusive. Thesellers of today, may be the buyers of tomorrow, or even of today.


What services does a Foreign Currency Exchange provide?

Foreign currency exchanges exist for the purpose of buying and selling world currencies. Banks, brokers, dealers, individual companies and central banks all participate in these markets. The main purpose is to gain a profit by buying a particular currency low and sell it at a higher price. Companies that do business overseas for example, will usually need Yen, to buy products from Japanese companies. Central banks buy & sell foreign currencies to influence the prices of currencies. Individuals can buy a currency for the use of the Euro-dollar should they chose to be in Europe for business or vacations. The major players in the foreign exchange markets, however, are large banks and large financial institutions.


Where can one find the best exchange rate for foreign currencies?

When looking for the best exchange rate for foreign currencies, it is best to adopt certain payment strategies. A few great methods for finding the best exchange rates for foreign currencies is to haggle with the local people, use debit and credit cards, and know your banks and other banks exchange rates.


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A wealth gap is the difference between rich and poor people. Scientists use this word to help them discuss the poverty in foreign countries. A wealth gap is the difference between rich and poor people. Scientists use this word to help them discuss the poverty in foreign countries.


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Define foreign exchange?

Foregn Exchange is the terms that use in converting one currency to other currency with in a floor or counter permited by authority of Government Agencies.


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