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Foreign exchange market - Wikipedia, the free encyclopedia |
 | | The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. |
 | | It is by far the largest market in the world, in terms of cash value traded, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. |
 | | Exchange rate fluctuations are usually caused by actual monetary flows as well as by expectations of changes in monetary flows caused by changes in GDP growth, inflation, interest rates, budget and trade deficits or surpluses, and other macroeconomic conditions. |
| en.wikipedia.org /wiki/FOREX (2448 words) |
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