Tag: foreign exchange

  • What are the Functions of the Foreign Exchange Market?

    The market for foreign exchange is where purchasers and sellers participate in the purchase and sale of foreign currencies. Just the market in which the different currencies are purchased and sold from different countries is referred to as the exchange market. Forex, the worldwide network that allows exchanges around the world, is the commonly known […]

  • Types of Foreign Exchange Transaction

    Any act of buying or selling foreign currency, or borrowing, giving credit or accepting or providing foreign currency in any way is referred to as a Foreign Exchange Transaction. The word as well includes the act of granting approval besides foreign exchange by the Bank. Here are the types of Transactions: Spot Transaction: The spot […]