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Types of Foreign Exchange Market
By
Pablo Luna   /   Monday, 15 Mar 2021 07:55PM
The foreign exchange market is where one currency’s value is purchased and exchanged for another currency’s money. It provides:
The essential and administrative basis for exchanging one country’s currency for that of another.
Deciding the exchange rate between currencies.
Physically performing foreign exchange transactions.
This market’s primary goal is to convert purchasing power from one currency to another. Individual foreign exchange buyers and sellers would find it inconvenient to see each other. As a result, a foreign exchange market has emerged to serve as a middleman. It is the world’s leading financial market, with prices fluctuating and currencies changing hands at all hours of the day. ....

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