TheCityUK's estimates, based on individual surveys of foreign exchange
activity released this week by central banks in the UK, US, Japan, Australia, Canada and Singapore show that the UK's share was well ahead of the next three largest trading centers - US (15 percent), Singapore (7 percent) and Japan (6 percent) - with London accounting for the bulk of the UK's daily turnover, averaging $2,481 billion.
To ensure that transactions with foreign exchange
dealers, money changers and remittance agents are sound as well as in line with risk management policies and practices, the BSP ordered banks to:
dollars of foreign exchange
reserves by the end of March this year.
Middle Eastern investors are rapidly discovering the benefits of online foreign exchange
trading and we expect to see significant growth this year in the region," says Hardiman.
While nobody can instantly establish law and order throughout Russia, the IMF can - and should - insist that it be established in foreign exchange
Japanese Finance Minister Matsunaga confirmed the intervention, announcing that Japan had taken "decisive action" in the foreign exchange
Usable foreign exchange
holdings exclude foreign exchange
holdings deposited in overseas branches of financial institutions from the total foreign exchange
and foreign multinational corporations are taking a proactive stance in managing their foreign exchange
Participation in international markets may result in a foreign exchange
risk known as transaction exposure.
ISLAMABAD -- State Bank of Pakistan's (SBP) powers to regulate the foreign exchange
business have been strengthened through enactment of the Foreign Exchange
(Amendment) Act, 2016.
Macedonia's foreign exchange
reserves noted an increase of 16 million euros in July, currently stand at little over 2 billion euros, said the National Bank of Macedonia in its latest report on the country's foreign exchange