ALL >> Business >> View Article
What Are Exchange Rates In Terms Of Foreign Exchange Market
Exchange rates are the rates at which two currencies are exchanged from one another. It is mainly calculated between two separate currencies. It is also known as FX or FOREX rates. This rate depicts the value for a country’s currency while compared to some other country’s currency. It is the FOREIGN CURRENCY MARKET where the exact valuation of the exchange rates is determined.
Some words on FOREIGN EXCHANGE MARKET (FEM)
It is the worldwide-decentralized, global financial market that is used for the trading of currencies. The entire global financial centers throughout the world act as anchors to conduct trading.
The trading is between different buyers as well sellers available 24 hours, five days a week. Weekends are always an exception. The FEM determines relative values of various currencies. FEM assists the international trade & investment, while enabling currency conversion through the help of suitable money conversion tools.
FEM provides total support to the carry trade ...
... and currency values in terms of direct speculation. In most of the FEM based currency transaction, the client purchases a certain quantity of some particular currency while paying a certain quantity of some other particular currency.
A look at the top five currency traders in terms of market shares percentage rate:
1. Deutsche Bank - 15.64%
2. Barclays Capital - 10.75%
3. UBS AG - 10.59%
4. Citi - 8.88%
5. JPMorgan - 6.43%
The FEM is always unique because of the huge volumetric trading that represents the biggest assets available in this world. This will lead to the highest level of liquidity. The geographical dispersion is also a unique feature to deal with. Add to it the constant operational phase; working 24 hours a day, five days a week with weekend exceptions. Trading time starts from 20:15 GMT (Sunday) till 22:00 GMT (Friday). The profit margin is also low compared to other markets.
Add Comment
Business Articles
1. Lucintel Forecasts The Global Agoraphobia Market To Reach $2 Billion By 2030Author: Lucintel LLC
2. Lucintel Forecasts The Global Acute Care Hospital Bed And Stretcher Market To Reach $11 Billion By 2030
Author: Lucintel LLC
3. Lucintel Forecasts The Global Fibromuscular Dysplasia Treatment Market Is Expected To Grow With A Cagr Of 7.3% From 2024 To 2030
Author: Lucintel LLC
4. Elegant Glass Block Styles To Elevate Your Interior Decor
Author: ADVAN
5. Discover The Beauty Of Floating Stair Treads In Design
Author: ADVAN
6. Maximizing Bulk Sms Services Online
Author: Make My SMS
7. A Comparative Guide For Front-end Development: Angularjs Vs Reactjs
Author: Alena Mage
8. 7 Ways To Find New Donors: Tips For New Nonprofits
Author: Yash
9. Convenient And Reliable Taxi Service In Denver: Serving Thornton And Longmont
Author: Rebecca Jones
10. Sustainability Meets Tech - Eco-friendly Solutions In Modern Interior Design
Author: Alaikha
11. A Brief Guide To Stainless Steel Round Bars
Author: Neelkamal Alloys LLP
12. Digital Marketing And Freelancing: The Perfect Match For The Modern Workforce
Author: shahla
13. Upgrade Your Financial Infrastructure: The Key Role Of An Accounting Data Migration Agency
Author: admin
14. Union Tee Manufacturers In India
Author: Vivek Shah
15. How To Remove Black Magic From Your Home
Author: Shardanand Shastri