Currency markets, also known as foreign exchange or forex markets, are platforms where different currencies are traded. These markets operate globally, allowing individuals, businesses, and governments to exchange one currency for another. The value of a currency is influenced by various factors, including economic indicators, interest rates, and geopolitical events. In currency markets, trading occurs 24 hours a day, five days a week, making it one of the most active financial markets in the world. Major currencies traded include the U.S. dollar, euro, Japanese yen, and British pound. Traders use these markets for speculation, hedging, and facilitating international trade.