The effects of macroeconomic variables and their role in development of foreign exchange market
Journal Title: Journal of Science and today’s world - Year 2013, Vol 2, Issue 3
Abstract
The foreign exchange market provides the physical and institutional structure through which the money of one country is exchanged for that of another country, the rate of exchange between currencies is determined, and foreign exchange transactions are physically completed. The foreign exchange transaction is an agreement between a buyer and a seller that a given amount of one currency is to be delivered at a specified rate for some other currency. Geographically, the foreign exchange market spans the globe, with prices moving and currencies traded somewhere every hour of every business day. The foreign exchange market is the mechanism, by which a person of firm transfers purchasing power form one country to another, obtains or provides credit for international trade transactions, and minimizes exposure to foreign exchange risk. The foreign exchange market consists of two tiers: the interbank or wholesale market, and the client or retail market. Participants include banks and nonbank foreign exchange dealers, individuals and firms conducting commercial and investment transactions, speculators and arbitragers, central banks and treasuries, and foreign exchange brokers.
Authors and Affiliations
Moslem Ghiyasi Nejad
Keywords
Related Articles
- EP ID EP29295
- DOI -
- Views 403
- Downloads 7
Effects of sport participation on mental health of University students
The purpose of this study was to evaluate the effects of sports participation on mental health in University students. The study suggests that mental health characteristics provide the basis for improving the psychologi...
A study of effective factors on the attitude of the consumers of cellphone SMS advertisement and their impact on purchase behavior
The present study is a result of a field study that has the aim of studying the factors that are effective on the attitude of the consumers of cellphones’ SMS ads and their impact on the purchase behavior and intent. C...
Impact of American Indian Oral literature On American Postmodern literature
Universal concepts and globalization in literature has created new areas of literary studying. American Indian‟s literature has a great deep root which its traces can be followed in modern and postmodern American liter...
The Relationship between job security and organizational commitment among the Agricultural Bank staff in Fars province
The purpose of this study was to investigate the relationship between job security and organizational commitment of the Agricultural Bank staff in Fars province in 2017. The research method was descriptive of the corre...
A study of the factors impacting earnings management in firms accepted in Tehran Stock Exchange
Soul is In this paper factors affecting earnings management in firms accepted into Tehran Stock Exchange have been studied. The population of this study is consisted of all firms accepted into Tehran Stock Exchange. By...