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The forex department is responsible for dealing with and managing the purchase and sale of foreign currencies and is a highly specialized business. All banks, private or state owned, have foreign exchange departments that work closely with the foreign exchange markets in each country trading with other financial centers worldwide. The greatest share of currency trading is specific to a banks own account although a small proportion will be on behalf of its personal customers

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13y ago

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Related Questions

What is the managed forex?

"The Managed Forex has to do with trading.


Where can one check the Forex markets?

One can check the Forex markets on the Forex official website. The website Forex Markets is also a good way to check on all the latest news and charts regarding Forex.


How does the forex works?

You can go with Forex Brokers like Integerfx.


Why is forex useful?

Forex is the only way to get more money.


When was Forex-Metal created?

Forex-Metal was created in 2007.


When was Forex Bank created?

Forex Bank was created in 1927.


What is the population of Forex Bank?

Forex Bank's population is 700.


What is a forex cover?

I'm not familiar with the term "forex cover" in the context of foreign exchange trading. If you can provide more information or context about what you mean by "forex cover," I'll do my best to assist you with a more relevant answer.


Where is there a list of Forex brokers?

EarnForex is a website that has a list of different Forex Brokers. Forex Trading Charts is another place to look and see a listing of different Forex brokers available.


Where can one find and read forex broker reviews?

There are many places where one can find and read forex broker reviews. One can find and read forex broker reviews at popular on the web sources such as Daily Forex and Go Forex.


Where can you find the Forex forums?

Forex forums are available on Baby Pips. Forex forums allows conversation on many versatile subjects. There are also different types of Forex forums on different websites.


The word Forex is short for?

Forex is a contraction of 'foreign exchange,' which refers to the global currency exchange market.

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