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What is The Foreign Exchange Market about?

The Foreign Exchange Market (Forex) is a global marketplace where national currencies are traded, stabilizing exchange rates and facilitating international trade. It operates continuously and includes various participants such as central banks, commercial banks, and traders, with transactions occurring in spot and forward markets. Key functions of the Forex market include transferring purchasing power, providing credit for international trade, and hedging against currency risk.

Author

anandraj24278

Language

EN