What are the functions of a foreign exchange market?

Answer

Foreign exchange market is a market where currencies are traded internationally every day, making forex larger than all bond markets put together. Currency markets are in form of spot, forward, futures and options markets.
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The foreign exchange market is where banks, governments, and other financial institutions buy, sell and trade currency. This system helps to allow trade between businesses who use
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In terms of a commodity, foreign exchange, or Forex, broadly refers to the currencies issued by the countries of the world. The relative value of a given currency against that of
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Pricing your products is one of the most important aspects of marketing. As such, fluctuations in foreign exchange could play a large role in your product pricing. For example, your
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For a wealth of free, simple, practical information check out www.ozforex.com(Global link on top right links to various other regional brands) Includes a lot of practical resources
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1 Additional Answer
The Foreign Exchange Market is a global and decentralised over-the-counter financial medium for the exchange and trade of currencies. The Foreign Exchange Market, otherwise known as the Forex Market, determines the relative values of the various currencies. It assists in international trade and investment.
Explore this Topic
Yes, you can exchange foreign currency at any qualified bank. ...
Foreign coins can often be exchanged for U.S. legal tender at currency exchanges in airports, foreign exchange companies, and large banks, according to USA Today ...
The values of foreign currency change every day. To find the most current value contact a bank or use a currency exchange website. ...
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