FOREX (Foreign Exchange Market) Currency tradingFOREX, Central Banks, Brokers, Hedge Funds, Investors and Speculators
Sample - Foreign Exchange Market (FOREX) The objectives of the subject “Foreign Exchange Market (FOREX)” are the following:
The Subject “Foreign Exchange Market (FOREX)” belongs to the following Programs taught by EENI Global Business School: Course: International Payment methods. Masters: International Business, Foreign Trade and Marketing. Languages: The Foreign Exchange (FOREX) market is by far the largest market in the World. The 1.5 trillion dollars average daily turnover dwarfs the daily turnover in all the World's stock and bond markets combined. The New York Stock Exchange has a daily trading volume of approximately USD 30 billion. One trillion dollars (USD 1,000,000,000,000) changes of hands every day in the global Foreign Exchange Markets. 80% of this trading is speculative, buying and selling money for profit's sake. Investing in foreign exchange remains mainly a domain for the big professional players in the market such as the hedge funds, banks, and brokers. The currency exchange market is a true 24-hour market, five days a week. There are dealers in every major time zone. The largest dealing centers are London (50% of the market), followed by New York
The Bank for International Settlements (BIS) is an international organization which foster the international monetary and financial cooperation and serves as a Bank for the central banks. The currency exchange market determines the currency exchange rates. A currency exchange rate is always quoted for a currency pair using the ISO code abbreviations. (c) EENI Global Business School (1995-2024) |