The Foreign Exchange Market
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Title: The Foreign Exchange Market

Essay Details:

Subject: Business
Author: Robert C
Date: March 30, 2015
Level: University
Grade: A
Length: 5 / 1333

Essay text:

The foreign exchange market is where one countries' currency is exchanged for another. On any given day in the region of $1.5 trillion in foreign exchange is traded! By any shape or form, that's a lot. The stature dwarfs the worth of day-by-day international stock exchange. "It is almost 20% of the United States GDP and nearly the size of the U.S. federal budget for an entire fiscal year (www.worldgameofeconomics.com)." Contrary to what several people may believe, the majority of foreign exchange trading is not in currencies, as such. Rather, it is in the form of bank deposit balances. " Also, a surprisingly small number of banks account for the bulk of the volume, and nearly 90% of all trades involve U...

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