![]() ![]() More international markets acquire that currency. If economy of a country is stable then that country’s currency value is high.Sometimes the banks do not attain their goal due to which stability in the market is disturbedįollowing are the factors affecting foreign exchange rates The fixed rates set by traders, banks and dealers give stability to the market and are seen as an indicator to trend in the international market. This process is known as foreign exchange fixing. The daily exchange rate is usually fixed by National Bank of every country. Basically international banks are in constant connection with smaller financial firms generally referred as ‘dealers’ who are responsible for foreign exchange trading among international markets. Throughout the week, trading is kept ongoing by financial markets around the world. As for the participation in the foreign exchange market, more prominent are the substantial international banks like JP Morgan, Barclays, HSBC, UBS, Citi, Deutsche Bank etc, collectively called interbank market. The largest foreign exchange and trading markets in the world are in Singapore, New York, Sydney, Frankfurt, Tokyo, Hong Kong and London. Besides the acquisition of currency, the global transactions / dealings may cover import and export of goods between markets of different countries. Besides that, huge corporations, financial organizations and governments of different countries make and receive transactions worth billions of dollars on routine basis, promoting foreign exchange. People traveling around the world, getting their currencies exchanged at the airport in other words are involved in foreign exchange as well. With the recent escalation in globalization, the rate of foreign exchange in global markets is getting more and more every day. Since foreign exchange involves global trading of currencies, investors from around the world also buy currency of economically stable countries either to buy/ sell goods or services or to save it in banks to receive duly interest on it. Exchange rate of currency is regulated by foreign exchange traders. Since foreign exchange is another term for exchange of currency, it takes place when people belonging to one country purchase or sell currency while traveling to other places. Foreign Exchange Markets are involved in selling and buying of multiple currencies at fixed on prices. These open markets are more commonly known as Foreign Exchange Markets or Forex / FX. The term foreign exchange may also make reference to the giant open markets in the world where currencies are exchanged and traded constantly 24/7. Data and other information available via the website should not be considered as information sufficient upon which to base an investment decision.Getting one currency in exchange for another or the change of one currency into another currency is called foreign exchange. Nothing in the website shall constitute or be construed as an offering of financial instruments or as investment advice or investment recommendations (i.e., recommendations as to whether or not to “buy”, “sell”, “hold”, or to enter or not to enter into any other transaction involving any specific interest or interests) by Sarmaaya & CS or a recommendation as to an investment or other strategy by Sarmaaya & CS. To the maximum extent allowed by law, Sarmaaya & CS, its licensors, and their respective employees, contractors, agents, suppliers and vendors shall have no liability or responsibility whatsoever for any injury or damages – whether direct, indirect, consequential, incidental, punitive or otherwise – arising in connection with Sarmaaya & CS or any data or values relating thereto – whether arising from their negligence or otherwise. Sarmaaya & CS makes no warranties, express or implied, as to Sarmaaya & CS or any data or values relating thereto or results to be obtained therefrom, and expressly disclaims all warranties of merchantability and fitness for a particular purpose with respect thereto. ![]() Sarmaaya & CS Solutions (Pvt.) Limited (CS) do not guarantee the timeliness, accurateness, or completeness of any data or information on the website. Sarmaaya Financials Private Limited is a Pakistan Stock Exchange (PSX) authorized data redistributor.
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