Business/Finance

Foreign exchange is the worldwide financial market for currency trading. The main work of foreign exchange is to determine the value of various currencies. It includes international trade and investments. It is the liquid financial market. The traders are corporations, financial institutions, retail investors, currency speculators, institutional investors, central banks and many more. In these days, the foreign exchange trading is increasing. It is an over the counter market. This kind of market is classified into many levels. In the foreign exchange market, you can exchange one currency for another. Foreign exchange is simple known as the Forex. It is the conversion of one country to another. The value of the currency is determined by the supply and demand. It is based on the market forces such as trade, investment, and tourism and geo- political risk. In this industry, all transactions are handled by the Bank of International Settlements in all over the world.