International currency market
- Category : Forex - Admin
- 2019-08-27 12:29:37
International Currency Market
The foreign exchange markets, where movements for investment, hedging and speculation take place, are open 24 hours a day. The opening takes place in Sydney and Tokyo, continues with Hong Kong and Singapore, Bahrain, and enters the European markets. It continues from Frankfurt, Zurich, London to the markets of New York, Chicago, and Los Angeles and San Francisco. The transaction volume is more than 50 times the world trade volume. The weight of the transactions is on the US dollar, Euro and Japanese yen.
Foreign exchange markets are transactions that exchange a country's currency for another country's currency. As the exchange of foreign currency and deposit accounts, assets are transformed into money funds in spot and forward formats. The field used is electronics. The exchange rate is the price of one currency against another currency. Quotations are double-sided, including buying and selling.
