FOREIGN EXCHANGE ISSUES

Foreign Exchange Issues



Foreign Exchange Issues

Foreign Exchange Market

A market engaged in the buying and selling of foreign currencies. Such a market is required because each country involved in international trade and foreign investment has its own domestic currency, and this needs to be exchanged for other currencies in order to finance trade and capital transactions. This function is undertaken by a network of private foreign exchange dealers and a country's monetary authorities acting through its central banks.

The foreign exchange market, by its very nature, is multinational in scope. The leading centers for foreign exchange dealings are London, New York ...