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Introduction to exchange rate system

What is foreign exchange? In a narrow sense, foreign exchange originally refers to foreign currency. In a broad sense, it usually refers to the means of payment for international settlement expressed in foreign currency. Exchange rate is also called "foreign exchange market or exchange rate".

Causes Of Exchange Rate Generation

Importers and exporters pay one currency when they import goods and receive another currency when they export them.

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The International Gold Market

The gold market is a trading center where buyers and sellers concentrate on buying and selling gold, providing spot and forward transactions, allowing traders to carry out physical transactions or options futures trading to speculate or hedge, is an important part of the complete financial market system of each country.