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What is Overview of the Foreign Exchange Market about?

The foreign exchange market is where currencies are traded globally. It is a decentralized market with no central exchange. Trading occurs between banks, corporations, investors, and other institutions. The daily volume of trading averages around $3.98 trillion US dollars, making it one of the largest financial markets in the world. London has the largest share of trading volume at 34.1%, followed by New York at 16.6% and Tokyo at 6%. The top ten currency traders, which are large international banks, accoun

Author

M.Zuhair Altaf

Language

EN