The exchange market is the economic term that refers to that market that is competent to trade foreign currencies, as it is economically known as the World Exchange of Foreign Currencies…. and this concept can be coded in the English term Forex, but what is the main meaning of the exchange market concept
In our article today we will introduce you to the types of the exchange market… the advantages of the exchange market, as well as the exchange rate
Types of exchange market
The exchange market is divided into two main segments under the name of the exchange. The first section is known as direct exchange exchanges and the other section is known as network exchange exchanges..as this forex is closely linked to network exchange exchanges because it is markets interspersed with the sale and purchase of goods by dispensing with the central market. For the direct exchange thing, it is necessary to have a special currency position.
The United States dollar is the main currency on which it relies to sell and buy on the currency exchange market, and there is a transaction in other currencies.. which is known as double currency. There are many day-to-day changes to currency rates.. as some of these changes lead to the collapse of stocks and bonds in the financial market…and all long-term money supply and demand are concentrated in the financial market, where the market’s treatment is limited to financial papers such as government papers.
Exchange Market Features
The exchange market or exchange market is considered to be a technical birth according to many economists. also, technology has also contributed to expanding the spread of exchange around the world to attract large numbers .of investors around the world during the last few years. The reason for this is the existence of technology and media of all kinds. and ability to deal with this market is not considered popular, as this is due to the neglect of the economic media of the activities concerned with currency trading.
Exchange rate, as the international financial economy depends on its development and prosperity on the exchange rate mechanism.. Where this mechanism is a central and essential element of the economic process, it is of great importance. They have a significant impact on and adjustment to States’ balance of payments, particularly in developing countries. The exchange types are divided into two main sections:
It can be defined at the real-time exchange rate. The exchange of currencies takes place at the same moment as the conclusion of the exchange contract. The currency is subject to the popular rate of disbursement at the moment of the conclusion of the contract. It should be noted here that the price can change from day to day.
This is the conclusion of a contract between the parties to the currency exchange process. so that the currency is delivered and disbursed on a specified date agreed upon by the contract.
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