Foreign Exchange Market Short Note
Foreign exchange market short note introduces us to the fascinating world of currency exchange, where global economies interact and trillions of dollars are traded daily. Delve into the intricacies of this dynamic market, where supply and demand, economic indicators, and political events shape the value of currencies and impact businesses and individuals worldwide. Introduction The foreign exchange market (forex) is a global marketplace where currencies are traded. It is the largest financial market in the world, with a daily trading volume of over $5 trillion. The forex market is important because it facilitates international trade and investment. It allows businesses to buy and sell goods and services from other countries, and it allows investors to diversify their portfolios by investing in foreign assets. Importance of the Foreign Exchange Market Facilitates international trade: The forex market allows businesses to buy and sell goods and services from other countrie...