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Currency trading |
Also found in: Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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Currency trading. The global currency market, where roughly $1.9 trillion a day changes hands, is by far the largest financial market in the world. Banks, other financial institutions, and multinational corporations buy and sell currencies in enormous quantities to handle the demands of international trade. In some cases, traders seek profits from minor fluctuations in exchange rates or speculate on currency fluctuations. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Cristian Donoso, head of foreign currency trading at Chilean brokerage Banchile (El Mercurio) Established in 1934, this ESF had provided the then extravagant fund of $2 billion in working capital before World War II, for short-term currency trading to stabilize the value of the dollar in world trade. These trades are simply about making money, and it is this type of currency trading that now makes Southeast Asian officials steam. |
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