Tuesday, May 5, 2009

Forex Transactions in the Spot market

A foreign exchange rate is the price of one currency in terms of another currency. In the institutional foreign exchange market, in which large institutions trade hundreds of millions of dollars, foreign exchange refers to bank deposits. When a bank trades foreign exchange with another bank, it is actually exchanging a bank deposit of one currency for a bank deposit of another currency. Transactions in the spot foreign exchange market simply depend on the needs of the buyer and willingness of the seller. Settlement in the spot market occurs in usually no more than two business days, but individual countries have their own payment and settlement systems.

4 comments:

  1. Amazing and useful information for the traders who are use to or aware of such information. But I want some Forex Signals, for trading purpose.

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