write short note on foreign exchange
2006-08-02 00:01:51 · 2 answers · asked by sexyhoney 1 in Business & Finance ➔ Other - Business & Finance
Currency exchange is normally handled by paper currency as opposed to actual bullion exchange. Let's use the Chinese yuan as the currency in question. At the current market value, the exhange is 8 yuan to $1.00 US but the value can go up or down depending on the buying power of the two currencies. A few months ago the exchange was 8.23 yuan to $1.00 US but the value of the US dollar dropped and so the yuan appreciated (gained in value) or the US dollar depreciated (lost value). This is related to the buying power of the currency. At the moment the Eurodollar is valued higher than the US dollar. The Canadian dollar is about $1.00CN to about 0.65 US. Everything is related to actual buying power of the money. With currency exchanges, there are always two prices, a buying price and a selling price. The buying price is always lower than the selling price...this is the way banks or currency dealers make money.
2006-08-02 00:17:45 · answer #1 · answered by Frank 6 · 0⤊ 0⤋
trading in the forex market requires discipline and time. learn it and practise, but you must also be willing to lose the money that you use. Overtime, you'll learn how the market works and thus make better decisions which in turn will give you your profit. oh yeah, and also, no, it is not a scam.
2006-08-04 01:34:59 · answer #2 · answered by Dreamer 3 · 0⤊ 0⤋
Well i suppose that she has a factor for you considering if she was once amazed that u have been black she would not be starring at u considering u study approximately that at tuition so she has a factor four you
2016-08-28 14:02:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋
See below
2006-08-02 00:13:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋