Forex What Exchange Is
Calculate live currency and foreign exchange rates with this free currency converter. you can convert currencies and precious metals with this currency calculator. A foreign exchange gain/loss occurs when a person sells goods and services in a foreign currency. the value of the foreign currency, when converted to the local currency of the seller, will vary depending on the prevailing exchange rate. if the value of the currency increases after the conversion, the seller will have made a foreign currency gain. The foreign exchange market (forex, fx, or currency market) is a global decentralized or over-the-counter (otc) market for the trading of currencies. this market determines foreign exchange rates for every currency. it includes all aspects of buying, selling and exchanging currencies at current or determined prices. in terms of trading volume, it is by far the largest market in the world. What is forex? the foreign exchange market, which is usually known as “forex” or “fx,” is the...