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"Forex" redirects here. For the football club, see FC Forex Braşov.
|Foreign exchange |
|Exchange rates |
|Currency band |
|Exchange rate |
|Exchange rate regime |
|Fixed exchange rate |
|Floating exchange rate |
|Linked exchange rate |
|Markets |
|Foreign exchange market |
|Futures exchange |
|Retail forex |
|Products |
|Currency |
|Currency future |
|Non-deliverable forward |
|Forex swap |
|Currency swap |
|Foreign exchange option |
|Historical agreements |
|Bretton Woods Conference |
|Smithsonian Agreement |
|Plaza Accord |
|Louvre Accord |
|See also |
|Bureau de change / currency exchange |
|(office) |
The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.[1]
The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even...