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What Make the Foreign Exchange Market Unique?

What Make the Foreign Exchange Market Unique? Go through the PPT to know about the Uniqueness of Forex Market.

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What Make the Foreign Exchange Market Unique?

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  1. What Make the Foreign Exchange Market Unique?

  2. Currency Currency… what is the first thing that usually comes to mind when they hear this word? Most likely, it is travel and when travelling it is very important to remember the different currencies that are used across the world. While travelling abroad, the most common currency that people make use of being the US Dollar as represented by the symbol ‘$’.

  3. Different Currencies Play a Significant Role However, besides this it is also very important to remember that the different currencies play a significant role in global trading. Also known as the currency market or the foreign exchange market, this global, decentralized market is a place where the trading of different currencies occurs. It is this market, which determines the value of different currencies across the world.

  4. Some of the main pointers which make the foreign exchange market unique are: • 1) It is a market that is open 24 hours a day, except weekends. The trading is from 22 hours GMT on Sunday till 22 hours GMT on Friday • 2) It has geographical dispersion • 3) It is the most important market that is accessible to every country • 4) The high trading volume represents the largest asset class in the world which leads to high liquidity • 5) There are many different factors which affect the exchange rates. It has volatile exchange rates • 6) Foreign exchange transactions are central to global commerce • 7) The foreign exchange market plays a role in assisting investments and trade by enabling currency conversion

  5. Thank You

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