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|· The global foreign exchange (forex) market is the largest and most actively traded financial market in the world, by far.||· Kazi Sayedur Rahman on Monday said forex reserves would remain at $26 billion until the first week of September before the import bills for July-August period would be paid to ACU.|
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The foreign exchange market however is the largest market in the world, generating around US $3 trillion a day compared to the stock market which generated about US $500 billion a day.
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· A floating exchange rate is a regime where a nation's currency is set by the forex market through supply and demand.
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But before we look nation forex at that, let’s first understand what forex and how the FX market works.
6 trillion a day as of April, including currency options and futures contracts.
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With forex you deal with currencies, while stock you are dealing with the actual businesses and the IPOs which have been put on the markets.
Since they have remained in second place with over $1 trillion, being only the second country to surpass such an amount.
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This market determines foreign exchange rates for every currency.
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The economic outlook for a country has the most influence on the value of its.
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Currently, forex is the largest and most liquid capital market with a daily turnover of more than 5 trillion US dollars.