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Foreign Exchange Market (FOREIGN EXCHANGE RATES AND QUOTATIONS (Inter-bank…
Foreign Exchange Market
FUNCTIONS
:money_mouth_face: Purchasing Power transfer
:money_with_wings: Hedging for transferring foreign exchange risks
:moneybag: Source of credit
PARTICIPANTS
Bank and non-bank foreign exchange dealers
Individuals and firms conducting commercial and investment transactions
Speculators and arbitrages
Central banks and treasuries
TYPES OF TRANSACTION
Spot Transactions
Outright Forward Transactions
Swap Transactions
Non-deliverable Forwards
Forward-forward Swaps
FOREIGN EXCHANGE RATES AND QUOTATIONS
Inter-bank Quotations
Direct and Indirect Quotes
Bid and Ask Quotations
Outright quotations
Forward Quotations on points basis
Forward Quotations in Percentage Terms