Explore the dynamic world of currency markets, also known as foreign exchange (forex). This global marketplace facilitates the trading of national currencies,...
Currency markets are global decentralized markets where national currencies are traded, determining foreign exchange rates essential for international trade, investments, and tourism.
Key participants include commercial banks, central banks, multinational corporations, institutional investors, hedge funds, and individual retail traders.
Major factors include interest rates, inflation, economic growth, trade balances, political stability, government debt, and market speculation.
They affect the cost of imported goods, the value of international investments, and the spending power of tourists traveling abroad, influencing everyday purchasing power.