Foreign Exchange :
Conversion of currency form one(home) country to other(cross border)
country
Exchange Rate :-
- The price or ratio or the value at which one currency is exchange for another currency
- It is dynamic rate, which varies from day-to-day, minute-to-minute and second-to-second, and in practice a few times per second, depending upon a variety of factors.
Foreign Exchange Market:
- 24 hour market
- A global market
- Highly liquid market
- High fluctuation in currency rate : every 4 second
- Settlement affected by time Zone factor
- Market affected by Govt Policies & control
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