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What is online currency trading?
It is the act of buying foreign currency over the internet, through different companies. It is called forex, or foreign exchange market. It is any currency traded over the internet. essentially, it is the simultaneous trading of foreign currency.
What is foreign currency conversion?
its very simple .. the method of converting the foreign currency in local curreny is called foreign currency conversion. for example your local currency is USD and u have a foreign currency GBP n u want to convert the GBP in USD.then u will convert the FCY in ur LCY . it took some bank charges in this conversion.. called conversion charges
What is the measure to bring down the value of currency by a country against foreign currency called?
demonetisation
What is a foreign currency fee?
When a bank exchanges one kind of currency for another kind (for example, American dollars exchanged for Euros) that is a service that they are doing for you, and they charge a fee for their services. That is called a foreign currency fee.
What is the significance and difference in foreign currency exchange rates?
The differences in foreign currency exchange rates is also called a spread. The size of the spread determined by the liquidity of the pair, the amount of buyers and sellers.
What are foreign currencies?
Convert one type of currency into another at a given exchange rate. That rate is determined by the supply and demand of the desired currency plus processing fees and/or commissions charged by the retail institution. The market where everyone can exchange currency into another called Forex (foreign exchange) market.
What term is used for international foreign exchange market?
The international term for currency trading is called foreign exchange. Foreign exchange rates are updated around the clock based on currency values that fluctuate all the time based on stock markets and other economic indicators. When travelling abroad, it's important to visit a currency exchange booth, frequently located in airports, in order to receive local currency for cash transactions.
What is the type of account when a company holds dollar account in an Indian bank?
This type of account is called "foreign currency account".
How can currency futures be used by corporation?
The currency futures can be used by a corporation to exchange one currency for another at a specified date in the future at a price that is fixed on the purchase date. It is also called foreign exchange future or FX future.
The movement of people is called?
Migration.
Did various kinds of currency inhibit trade in rome during the height of rome?
No, not in the least. In the Roman empire itself the money was standardized. When dealing with foreign currency, the Romans had bankers or money changers called "argtentari". These men were responsible for the exchange of coins among other things.No, not in the least. In the Roman empire itself the money was standardized. When dealing with foreign currency, the Romans had bankers or money changers called "argtentari". These men were responsible for the exchange of coins among other things.No, not in the least. In the Roman empire itself the money was standardized. When dealing with foreign currency, the Romans had bankers or money changers called "argtentari". These men were responsible for the exchange of coins among other things.No, not in the least. In the Roman empire itself the money was standardized. When dealing with foreign currency, the Romans had bankers or money changers called "argtentari". These men were responsible for the exchange of coins among other things.No, not in the least. In the Roman empire itself the money was standardized. When dealing with foreign currency, the Romans had bankers or money changers called "argtentari". These men were responsible for the exchange of coins among other things.No, not in the least. In the Roman empire itself the money was standardized. When dealing with foreign currency, the Romans had bankers or money changers called "argtentari". These men were responsible for the exchange of coins among other things.No, not in the least. In the Roman empire itself the money was standardized. When dealing with foreign currency, the Romans had bankers or money changers called "argtentari". These men were responsible for the exchange of coins among other things.No, not in the least. In the Roman empire itself the money was standardized. When dealing with foreign currency, the Romans had bankers or money changers called "argtentari". These men were responsible for the exchange of coins among other things.No, not in the least. In the Roman empire itself the money was standardized. When dealing with foreign currency, the Romans had bankers or money changers called "argtentari". These men were responsible for the exchange of coins among other things.
Difference between Spot Exchange Rate and Exchange rate?
An exchange rate, which is also called the foreign-foreign exchange rate, is the rate that currency will be exchanged for another currency and may have a forward contract. The spot exchange rate is the current exchange rate today with immediate delivery and it is also called benchmark rates and outright rates.
