The market of the foreign exchange (forex) exists all over the world. The market is decentralized, and it is associated with the trading of the currencies. The activities in the market include purchasing, selling and exchange of the currencies at the determined prices. The foreign exchange trading is the largest markets in the world. Most of the larger international banks are the major participants in this market. The market of foreign exchange does not determine the exact values of different currencies. The only thing that is done is the setting of the current market price of the currency value demanded against the other.

The foreign exchange market operates with the help of the financial institutions. Most of the persons that are involved in foreign exchange are bankers. The market of foreign exchange contributes a lot in the international trade and even investments. It ensures easy and convenient currency conversion by …