Foreign Exchange

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Foreign Exchange
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Introduction

• Foreign Exchange- an institution or system for
  dealing in the currencies of other countries.
• It also refers to the global market where
  currencies are traded virtually around-the-clock.
  The term Foreign Exchange is usually abbreviated
  as "forex" and occasionally as "FX."

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Forex

• Global trading of International currencies.
• Forex is an open 24-hours market Sunday 5pm
  (EST) - Friday 4pm (EST)
• Forex Trading starts in the Asia-Pacific and
  continues in the Middle East, in Europe, and in
  the US.
• Largest market in the world with daily average
  turnovers of 4 trillion.
• 12 times larger than global equity markets
• Forex annual turnover equals 10 times the global
  GDP.

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Most Traded Forex Currencies
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World Fx Reserves Currency Composition
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