2007-01-19 18:22:21 · 5 answers · asked by nemo 1 in Social Science ➔ Economics
Forex is short for foreign exchange. It is a major feature of all the the advanced economies and and also considered a major feature of the global economy.
A foreign exchange is where networks of buyers/sellers exchange currencies, where the value of one currency is expressed in terms of another currency. The value of a country's currency is determined through simple Supply and demand in the forex markets.
The main participants in the forex market are exporters, foreign investors and speculators. 95% of this market is made up of the speculators and they are the ones who make short term currency trades. Speculators are the reason why there are large short term movements in foreign exchange rates.
hope this helps.
There are A LOT more information in the links below regarding forex, or foreign exchange trading and all the fundamentals relating to it.
2007-01-26 16:14:36 · answer #1 · answered by Dreamer 3 · 0⤊ 0⤋
Forex Is Foreign Exchange . In This Usually Foreign Currency Are Exchanged Like . USD In Exchange Of Indian Ruppee . There Are Too Many Combintions for this . Forex Is Two Types Online , Physical . In Physical You Have To Go To Shops Like Western Union Money Transfer . Anything Else You Want to Know Can Get Back To me
2007-01-20 02:55:09 · answer #2 · answered by Every One Knows Me ! 1 · 0⤊ 0⤋
Any business transaction with another country (foreign country) can be done with a foreign currency of the country we dael with or with another currency acceptable to both cuntries. We can not use our own currency outside India for purchase of goods and services.
Our country is dealing in business with almost all countries of the world and the foreign currency earned or spent is reflected in the balance of payment position between the two countries transacting any business.
Cumulative result of all transactions with foreign countries result in overall position of balance of payments and foreign exchange reserves position of any country.
2007-01-25 02:39:40 · answer #3 · answered by NQS 5 · 0⤊ 0⤋
it mean that every country have exchange rate policy. There money is at different level compared to other
2007-01-25 14:09:29 · answer #4 · answered by imurmitra 1 · 0⤊ 0⤋
direct, basic article: http://www.infoplease.com/ce6/bus/A0819157.html
more: http://www.infoplease.com/search?fr=iptn&query=foreign+exchange&in=all&x=0&y=0
2007-01-24 04:13:51 · answer #5 · answered by sushobhan 6 · 0⤊ 0⤋