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    Administrator 05 Aug : 23:39
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    Currency Exchange
    TRADING CURRENCIES:

    It is important to know what money (currencies ) different countries use to trade with. The foreign exchange market , also known as FX, Forex or currency exchange are all terms used to describe one simple thing and that is …. The money used in a particular country.


    The foreign exchange market is the most liquid financial market in the world. Traders include large banks, central banks,institutional investors, currency speculators, corporations, governments, other financial institutions, and retail investors. The average daily turnover in the global foreign exchange and related markets is continuously growing.


    This is vital information and a MUST KNOW as it will help you determine :


    1) Whether this is a country that you would like to live in
    2) Whether this is a country that you would like to visit
    3) The value of your money compared to the specific country
    4) The number of other countries using the same currency
    5) In some ways it will assist you in determining the financial status of the country.. e.g. Ireland trades with the EURO. This means that it is a country affected by the recession and will be bound by the other EU countries and the value of the Euro is dependant on the EU and not just the country alone. OR India trades with the Rupee, meaning that the Rupee is currently 50 to 1, that is for every 1Euro you have , this is equal to 50 Rupees. This will show you the value of your currency as opposed to another country.







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