Foreign exchange dealer

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Foreign exchange dealer

A firm or individual that buys foreign exchange from one party and then sells it to another party. The dealer makes the difference between the buying and selling prices, or the spread.

Foreign Exchange Dealer

A trader who buys and sells currencies. For example, a foreign exchange dealer may buy dollars from one party and sell them to another at a different exchange rate. The dealer profits from the difference in exchange rates between currencies.
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ISLAMABAD/KARACHI, February 12, 2010 (Frontier Star): Federal Interior Minister Rehman Malik on Friday said that the Government has decided to take action against five foreign exchange dealers.
The European Central Bank raised rates Thursday morning in a slightly surprising move, which it said was aimed at curbing inflation risks from high oil prices and the weak euro though foreign exchange dealers suspect the move was also aimed at bolstering the weak euro.
ISLAMABAD, January 20, 2010 (Frontier Star): Federal Interior Minister Rehman Malik has said that 80 to 90 percent of the illegal hundi business system has been eliminated from the country, adding, foreign exchange dealers would not be allowed to create disturbance.
But foreign exchange dealers, who have been routinely burned on over-reaction to promises by Japanese policy makers, remained skeptical that the yen's gains will hold.
The service would be delivered digitally to the workstations of foreign exchange dealers alongside the existing data signals to the client terminal, Wood said.
Bank foreign exchange dealers and independent brokers communicate from their desks using every high-speed information and communication device available.
A significant portion of the world's daily foreign exchange business is already transacted through Dealing 2000, the first phase of which provides foreign exchange dealers with electronic access to an 80-country network to negotiate trades.
The Central Bank has issued several circulars in recent months to organize the foreign exchange dealers and financial institutions which are not inside the official financial systems," Wissam Fattouh told The Daily Star.
He stated that they are reviewing the operations of foreign exchange dealers to ensure there is no misconduct, manipulation of foreign exchange benchmarks and collusion.
With the increasing trend of retail foreign exchange dealers exiting the U.
Foreign exchange dealers said that the rupee gained 50 paisas against the greenback in early Friday morning trade in the interbank, and was being traded at Rs.
Foreign exchange dealers said that the rupee gained impressively by one rupee and 75 paisas against the greenback in early morning trade in the open and interbank markets.

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