The following paper discusses at length what Foreign exchange market is and how beneficial it is for world economics. The paper also discuses three major world currencies and how their fluctuation is affecting world economy. The current global economic condition requires one to understand the mechanisms of economy and how it affects the daily lives.
International Financial Markets
An institutional and physical structure is provided by the foreign exchange market. Through this procedure, currencies of different countries are exchanged. The final rate of exchange between currencies is calculated, and then the foreign exchange conversions are known to be physically completed. In ...
