short notes on Foreign Exchange Market



Posted on 05-05-2016        By ADMIN



short notes on Foreign Exchange Market

 

Is the market where the currency of one country is exchangedfor the currency of another country

 The market is an over the counter market

 There is no single market place or an organized exchange (likea stock exchange) where traders meet and exchange currencies.

 The dealers sit in their dealing room of major commercialbanks around the world and communicate with each other through telephones,computer terminals and swift mechanism.



Comment :