Forex - FX

Forex - FX

The foreign-exchange market ("forex" or "FX") is the place where currencies are traded. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day.

Notes:

There is no central marketplace for currency exchange, rather, trade is conducted over-the-counter. The forex is open 24 hours a day, five days a week, with currencies being traded worldwide among the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - spanning most time zones.

See also: Currency, Currency Option, Exchange Rate, Foreign Currency Effects, Over-The-Counter - OTC, Repatriation