The foreign currency exchange (Fx) markets is a decentralized market where trading of the different foreign currencies take place 24-hours of a day through over-the-counter (OTC) market at different parts of the world. The impact of this process is followings –
The buying and selling of currencies take place through electronic networks or phone network to connect the traders throughout the world and reduced the importance of centralized market.
The currency exchange rates are determined by open market operations through this process.
Foreign currency exchange markets constitute highest assets in the all asset classes.
Trading volume is very high in this market with high liquidity due to continuous operation.
The trading happens in this market with low margin due to high liquidity.
Foreign currency exchange markets gradually shifted from fixed exchange rate to floating exchange rate system.
It helped the currencies in their true price discovery through continuous market operations
It has made the world a global village where different currencies are closely associated and easily exchanged.
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."
