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How is a foreign exchange market different from foreign exchange?

Foriegn Exchange invloves physical transaction of currencies from a dealer or broker. But Foreign Exchange Market involves a virtual transaction with real money. Foreign Exchange market is largest of all the markets and nearly 10 times bigger than NYSE. These simple sentences can't explain the difference. You need to drill more to know what it is.


What is the purpose of an exchange rate?

It's important to know the strength of the country's economy through the stability of exchange rate movement and the degree of change, and to know how the economy of the country's trade balance is during any movement of export s and imports. It's also affects the exchange rate on the purchasing power of the individual. In addition, exchange rate benefits by knowing the government policies wither economically or politically, as it affect stability in general and a stable exchange rate for the local currency against foreign currency.


What is the purpose of the foreign exchange market also know as the forex?

The foreign exchange market offers a variety of advantages, such as allowing geographical dispersion and the fact that it offers its services almost 24/7, meaning it is available almost all the time for people to use. It also affects exchange rates due to a range of factors.


What is the most important currency in the foreign exchange market?

I don't know if there is a most important currency in Forex, but the currency that is being traded the most is the USD.


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.

Related Questions

How is a foreign exchange market different from foreign exchange?

Foriegn Exchange invloves physical transaction of currencies from a dealer or broker. But Foreign Exchange Market involves a virtual transaction with real money. Foreign Exchange market is largest of all the markets and nearly 10 times bigger than NYSE. These simple sentences can't explain the difference. You need to drill more to know what it is.


What is the purpose of an exchange rate?

It's important to know the strength of the country's economy through the stability of exchange rate movement and the degree of change, and to know how the economy of the country's trade balance is during any movement of export s and imports. It's also affects the exchange rate on the purchasing power of the individual. In addition, exchange rate benefits by knowing the government policies wither economically or politically, as it affect stability in general and a stable exchange rate for the local currency against foreign currency.


Who are the 10famous foreign biologist?

"Foreign" doesn't mean much if I don't know in which country you live.


Is FX currencey trading also know as FOREX currency trading?

FX currency is also known as FOREX currency trading. It is regarded as the value of a country's currency in comparison to another country. Exchange rates are determine by foreign markets.


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.


How do you become a travel guide?

Make sure you consist of paper! Serious: Apply, Aplly, Apply! You might follow a course and then have a traineeship somewhere. If you do know a country that well and you do speak one foreign language fluently then contact touroperators in that country. Goodluck


What is the purpose of the foreign exchange market also know as the forex?

The foreign exchange market offers a variety of advantages, such as allowing geographical dispersion and the fact that it offers its services almost 24/7, meaning it is available almost all the time for people to use. It also affects exchange rates due to a range of factors.


Is St Patrick's day celebrated by the Germans?

No. I know it is not celebrated by the Germans because, we had a foreign exchange student from Germany and he said they did not celebrate it.


What country can Laos citizen go to without a visa?

hi i would like to know which country Laos people can go to travel with iut visa if you know please let me know please how many country thank you Asia


Do you know of a Supplier of DCX 600 type Private automatic exchange?

This type of exchange is made by Alcatel, trying contracting their country office in your area.


What is a current issue that involves international trade foreign exchange balance payments tariffs and free trade?

I'm sorry, but i don't know! :( if you type in this sentence, this should help you out. "current issues that involves international trade foreign exchange, balance of payments, tariffs, and free trade"


What was a result of the difficult of travel in the early 1800s?

Americans did not know much about other parts of the country