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Foreign currency is basically currency or denomination of Another Country. The term is mostly used in context with foreign exchange also known as forex. There are a number foreign echange specialists like Travelex India etc that do currency conversion.
What else can I help you with?
How do you change foreign currency to local currency?
BIU
Is FOREX an online foreign exchange broker?
FOREX is an online foreign currency broker. They offer foreign currency trading online. It is like eTrade but instead of investing in stocks, you invest in currency.
What is online currency trading?
It is the act of buying foreign currency over the internet, through different companies. It is called forex, or foreign exchange market. It is any currency traded over the internet. essentially, it is the simultaneous trading of foreign currency.
What is the foreign exchange?
Foreign exchange refer to the act of exchanging one country's currency by a different country's currency.
Where can you sell your Iraqi currency?
You can sell your Iraqi currency from Dinar Currency. It is one of the most reputable foreign currency sellers around knows in their hearts that they are in good hands. It is a legitimate firm that sells foreign currency.
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 does the word 'divisas' mean in English?
The Spanish word 'divisas' means currency. It can also be used in the context of foreign currency, as well as the title of a store that provides the services of a foreign exchange.
What determines the foreign currency value against Indian currency?
The foreign currency against domestic currency is the buying and selling
What is a foreign currency?
A currency from a country in which you don't reside. For instance, to an American, a peso would be considered foreign currency. To a Mexican, a penny would be considered foreign currency.
What is the currency and foreign exchange code of Bolivia?
The currency in Bolivia is Boliviano and the foreign exchange code of the currency is BOB.
What is the definition of foreign currency?
foreign currency just refers to the money used in other countries. For instance, in America, Chinese money is foreign currency.
Can you still exchange foreign currency that is uncirculated?
we can exchange foreign currency of leats of banks
When did trading begin in foreign currency futures?
In 1972 it launched a contract in foreign currency futures.
What is Partial convertibility of currency?
it means that any domestic or foreign agent can convert its domestic currency to a foreign currency at an official exchange rate in order to complete the current account transaction. current account transaction involves the purchase and sell of visibles and invisibles like goods & services.
How do you change foreign currency to local currency?
BIU
How is foreign currency translation calculated?
Foreign currency translation is calculated by multiplying the foreign currency amount by the exchange rate. The exchange rate is the value of one currency in terms of another currency, and it can be obtained from financial markets or from central banks. The resulting product is the translated amount in the reporting currency.
What is direct and indirect exchange rates?
Direct exchange rates refer to the amount of domestic currency needed to purchase one unit of foreign currency, commonly expressed as the domestic currency per unit of foreign currency. Conversely, indirect exchange rates indicate how much foreign currency can be obtained with one unit of domestic currency, typically expressed as foreign currency per unit of domestic currency. For example, if the direct exchange rate of USD to EUR is 0.85, it means 1 USD can buy 0.85 EUR; the indirect rate would be approximately 1.18, meaning 1 EUR can be exchanged for 1.18 USD.
