What are the functions of a foreign exchange market?


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.
Q&A Related to "What are the functions of a foreign exchange..."
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
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
Foreign exchange markets determine price of different
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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.
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