Define Global Foreign Exchange Market
Define global foreign exchange market - The global foreign exchange market, a financial hub that facilitates international trade and investment, plays a pivotal role in the global economy. With trillions of dollars exchanged daily, this dynamic marketplace connects businesses, governments, and individuals, enabling the seamless flow of capital across borders. The global foreign exchange market operates 24 hours a day, 5 days a week, with participants ranging from central banks and commercial banks to multinational corporations and individual investors. Currencies are traded in pairs, with the exchange rate between two currencies constantly fluctuating based on supply and demand, as well as economic and political factors. Global Foreign Exchange Market Definition: Define Global Foreign Exchange Market The global foreign exchange market, also known as the forex market or currency market, is a decentralized global marketplace where currencies are traded. It is the largest...