A currency for which there are no barriers or restrictions in the foreign exchange market, allowing it to be freely exchanged for other currencies.
A cross rate refers to the exchange rate between two currencies which is derived from their individual exchange rates with a third currency, often the US dollar.
Financial intermediaries that operate within the Eurocurrency market, facilitating international lending and borrowing transactions in currencies outside their domestic banking regulations.
A highly liquid global marketplace for currency trading. The foreign exchange market includes both the spot market for immediate transactions and the forward market for future transactions.
A foreign-exchange dealer is an individual or entity engaged in the buying and selling of foreign currency, often working at a commercial bank or financial institution. Their role includes executing currency trades on behalf of clients, managing foreign exchange risks, and sometimes speculating on future currency movements.
FX, or Foreign Exchange, refers to the global market where currencies are traded. It is one of the most liquid and largest financial markets in the world, encompassing all aspects of trading, buying, selling, and exchanging currencies at current or determined prices.
The spot rate is the current market price at which a particular currency can be bought or sold for immediate delivery, typically within two business days.
