Modern look on the foreign exchange market

Modern look on the foreign exchange market

For last three decades the foreign exchange market Forex developed in the biggest financial market in the world, the turnover of whom, according to the data of the study published in 2010 by the Bank of international count cost in the order of 4 $ of trillions a day. The main currencies on this market are the dollar US (USD), the euro (EURO), the Japanese yen (JPY), the Swiss franc (CHF) and pound sterling English (GPB). The participants of the foreign exchange market are banks, international corporations and companies of exports-import, funds of investments, as well as private investors. Currently millions of people lead commercial operations worldwide on the market Forex and make the benefit at the expense of the hesitancy of the courts of foreign exchanges.

Operations on the market Forex are today one of the main sources of the income of banks and financial institutions worldwide. For example, 80 % of all benefit of the biggest Swiss bank Union Bank of Switzerland (UBS) in 1994 were operations on the foreign exchange market, and only 20 % of all benefit – the incomes of credits and the trade of titles.

The today’s market Forex is a common network of telecommunications of the reached banks enters and other financial institutions, having territorialism no place defined with trade and temporary restrictions – sales begin on Monday morning in New Zealand and close up on Friday evening in the United States. Any person concerned, except the dependency of his seat, since for the keeping of operations on the market Forex they ask only for the access to Internet network and necessary knowledge can become the participant of the foreign exchange market.

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