Foreign Exchange market or forex helps international trade and investment. Now the question raises HOW?
A foreign exchange market helps the business to convert from one currency to other. For example a Business man in us can trade in Europe in Euros, even though his income is in the USD.
This is the main benefit of forex and that is how it works.
A foreign exchange market helps the business to convert from one currency to other. For example a Business man in us can trade in Europe in Euros, even though his income is in the USD.
This is the main benefit of forex and that is how it works.
No comments:
Post a Comment