Foreign Exchange Markets

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Description

Foreign Exchange Markets

Foreign Exchange Markets

Foreign currency exchange markets are one of the most important economic institutions in the world.  Foreign exchange market plays an important role in the international trade system since they enable the exchange and conversion of foreign currency to local currency.

Foreign Exchange Markets

Foreign currency exchange market replaced the gold standard which was used before the Great Depression. Foreign currency exchange market, especially the big foreign exchange market like London, Tokyo, New York, and Singapore have played an important role in the development of  international trade and  most important in regulation of exchange rate in the world.