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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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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Foreign exchange is exchanging foreign currencies. The foreign exchange market assists international trade and investment by enabling the conversion of currency. In a typical forex
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The foreign exchange market, also called the currency market or. forex. (FX), is the world's largest financial market, accounting for more than $4 trillion average traded value each
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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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Ask.com Answer for: what is the foreign exchange market
Foreign Exchange Market
The market in which participants are able to buy, sell, exchange and speculate on currencies. Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and... More »
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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