Currency Market
The Currency Market, also known as the Foreign Exchange Market or Forex, is a global platform where currencies are traded. It operates 24 hours a day, allowing participants to buy, sell, and exchange currencies at current or determined prices. The market is essential for international trade and investment, as it enables businesses and individuals to convert one currency into another.
In the Currency Market, various factors influence exchange rates, including economic indicators, interest rates, and geopolitical events. Major currencies traded include the US Dollar, Euro, and Japanese Yen. Traders, banks, and financial institutions participate in this market to manage risk, speculate on price movements, or facilitate international transactions.