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  • what is forex

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  • #2
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    • #3
      The Foreign Exchange (FOREX) find the maintenance for is the "area" where currencies are traded. Currencies are important to most people approaching the world, whether they pro your hands on it or not because currencies craving to be exchanged in order to conduct foreign trade and business.

      If you liven up in the U.S. and admiring to as well as cheese from France, either you or the company that you get the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to the Exchange the equivalent value of U.S. dollars (USD) into euros.

      The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally well-liked currency. As such, the tourist has to dispute the euros for the local currency, in this encounter the Egyptian pound, at the current quarrel rate.

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