What is the foreign exchange market?

Answer Trading nearly $4 trillion in volume every day, the Foreign Exchange System is the largest market in the world. It is made up of central banks, large commercial and investment banks, and a diverse ... Read More »

Top Q&A For: What is the foreign exchange market

What is a foreign exchange market?

A foreign exchange market is a way to convert from one currency to another in order to engage in financial transactions. Generally, financial transactions include exchanging money for routine purch... Read More »

What is the nature of the foreign exchange market?

The nature of the foreign exchange market is characterized by its global scope. Since there is no one world currency, traders around the world buy and sell currencies to make transactions in differ... Read More »

What is the world's foreign exchange market?

The world's foreign exchange market is where currency traders buy and sell the currencies of other countries. Because there is no world currency, investors may buy and sell different currencies to ... Read More »

Who started the foreign exchange market?

According to "Time Magazine," the foreign exchange market was created largely by British economist John Maynard Keynes in 1944. U.S. politicians also played an important part in the establishment o... Read More »