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Shelia Smithson
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Every trading day, over 3 trillion dollars are traded on the forex currency exchange by banks, institutions, and individual investors. The word forex is short for foreign exchange. All of the major currencies of the world, and many other currencies as well, are traded on forex Monday through Friday, around the clock. The amounts traded are far beyond those of the largest stock exchanges. The exchange of one currency for another is a transaction easily understood, yet the analysis and strategy for trading on forex is often quite complicated. A transaction on the forex market involves buying one currency and... Continue reading
Posted Jan 4, 2011 at Exchange Rates
Do you ever consider the possibility that the money you work so hard for could be gone from your pocketbook in the next few years? Quicker then you might think, currency as we know it, is changing. Necessity for efficiency is transforming the flow of cash into a digital form. The use of e-currency is quickly spreading throughout the world. Everyday, more and more people are making purchases online. These purchases are being facilitated by companies like Paypal, E-Bullion, E-Gold and Net Pay. The digital age is definitely upon us, and with the new forms of commerce, comes new forms... Continue reading
Posted Dec 4, 2010 at Exchange Rates
With the U.S. mid-term elections approaching, some U.S. politicians have put the blame on the U.S. economy in China, the RMB exchange rate against the U.S. dollar as their main objective of the attack. However, people familiar with are well aware of the world economy, forcing the rapid RMB appreciation for the United States and China significantly, and even detrimental to world economic recovery. Well-known investor Jim Rogers told the China Securities newspaper interview about the RMB exchange rate issue, said: "A lot of voices that the yuan should be revalued against the dollar, I do not know, because the... Continue reading
Posted Nov 13, 2010 at Exchange Rates
How to compare currency rates? Take away undue amount of time from one’s main activity and master all the financial mechanics and legal procedures or opt for qualified advice. Obviously, the second option is safer and cheaper on the long run. Currency Exchange Comparison Currency Exchange Comparison for a recent day shows that against a sum of £100000, highly respectable broking firm paid €118130 while RBS offered only €111020. The money exchanger paid an amazing €7110 more! The actual surprise is not this. The difference in the exchange that the other money converters like Barclays offered for the same day... Continue reading
Posted Oct 22, 2010 at Exchange Rates
If you've done any investigation into the forex market you'll realize that it is full of scams and ridiculous promises of untold wealth. However, it is also the largest and most liquid market that trades, and it does so 24 hours a day. So, there are definitely opportunities to make money on the forex market, the trick is learning how to avoid the scams and how to get on board with a winning system. The forex market is about 3 times larger than the stocks and futures markets combined, which is why the popularity of trading Forex has been increasing,... Continue reading
Posted Oct 2, 2010 at Exchange Rates
Few countries today adopt either the extreme of absolutely fixed exchange rates or that of pure flexible exchange rates. Rather, the norm is the middle ground of managed exchange rates, meaning that exchange rates are basically determined by market forces but governments buy or sell currencies or change their money supplies to affect their exchange rates. Sometimes governments lean against the winds of private markets. At other times governments have "target zones" which guide their policy actions. Managing the exchange rate requires that governments intervene in foreign exchange markets. Government exchange-rate intervention occurs when the government buys or sells its... Continue reading
Posted Sep 5, 2010 at Exchange Rates
Thanks for a very useful post. I was hoping to searh for particular search terms which had NOT been commented out. To exclude comments from your rexed search, use ^~(:b*') which effectively means at the beginning of the line exclude any amount of white space (to allow for auto-indented comments) followed by the apostrophe comment character. To find conditional stops that have not been commented out use ^~(:b*').*:b+Stop(:b+|\n)
Investment market volatility and currency exchange remains a challenge. Things are still very volatile and we are in unique global influencing territory. In conjunction with investment returns, currency exchange continues to concern many expats with UK Pensions, QROPS and now QNUPS. We continue our daily look at factors affecting currencies allowing some insight into market conditions affecting exchange rates. Cash and income timing for UK Pensions and QROPS should be considered to maximise the Pension, QROPS and investment income and benefits taken. The Euro received a boost from three of its member countries. German industrial orders rose 3.2% in June... Continue reading
Posted Aug 17, 2010 at Exchange Rates
Foreign currency exchange is a service that is provided by financial institutions and banks across the globe. You can either buy or sell your foreign currencies through these exchanges. There are also transactions that happen in foreign currencies between financial institutions and multinational corporations. You can even transfer foreign currency through these services. What is Forex? Foreign exchange (forex) rate is the worth of a foreign currency with respect to your home-nation country’s currency; it shows the value of one currency in comparison with the other. The term current ex-rates (exchange rates) and spot ex-rates are interchangeable, however there is... Continue reading
Posted Aug 8, 2010 at Exchange Rates
The introduction of electronic currency into the market place has facilitated web based purchases and a variety of sales transactions to take place faster and safer than ever before. This growingly preferred method of payment is taking the world of commerce by storm. As with any new commodity there is a rush to copy and improve it, a phenomenon which breeds competition. In the case of e-currency the market place is now filled with a variety of e-currencies readily available at the disposal of private and corporate users. Any national currency's history will show that they came about as a... Continue reading
Posted Jul 27, 2010 at Exchange Rates
The internet is the perfect place to conduct some research or for examining all the trends once in a while is necessary. But if you will choose to be a serious trader, you need to have access to a these charts much more readily available, without having to go to a Web site. That's why trading software gives youForex charts, too but you need to have an internet connected always. Instead of referring back and forth between two or so charts, you can get all the information you need in one color coded chart.Forex charts may be a panacea to... Continue reading
Posted Jul 15, 2010 at Exchange Rates
We at Pure FX are online foreign currency brokers who specialise in getting the best possible exchange rates for our clients, using a variety of proven trading methods. When specialist currency brokers trade foreign currency for their clients, they aim to get the very best exchange rates they can. The foreign exchange depends on many factors, all interacting at once. The world money market is a highly volatile one, and even tiny fluctuations in the exchange rate can cause massive alterations in individual profits, especially where big sums are involved. Foreign currency brokers deal exclusively in the bulk trading of... Continue reading
Posted Jun 29, 2010 at Exchange Rates
During 1930’s, U.S. set an unchanging value of a dollar: 1 ounce of gold is equal to $35. After World War II, other countries started their currency exchange to U.S. dollar. Everyone knew how much gold a U.S dollar was worth, and then the value of any other currency against the dollar could be based on its value in gold. Therefore, a currency worth twice as much as gold is also worth twice a dollar. The market rejected how this currency exchange worked but the other countries ’ currency remained stable of its cost. The U.S. could no longer pretend... Continue reading
Posted Jun 19, 2010 at Exchange Rates
There is arguably more reason to use an expert in currency exchange than ever before. At the moment, with weak sterling, it is essential that individuals and businesses who have invested abroad receive the best deals from their foreign currency exchange. The reason it is a good idea to use a foreign exchange dealer is because exchange rates fluctuate every second of every day and they are the people that can find the best deal available and this includes giving you the best time to finalise payment on a new investment property. For example, in 2003 during a period veering... Continue reading
Posted Jun 11, 2010 at Exchange Rates
There are good reasons for people to want to know more about how they can maximise their purchasing of foreign exchange. This knowledge can be financially very rewarding to possess and some interested parties may not want you to have it. Here is a simple list of some of the very top tips in this complex area: • Never leave currency exchange to the very last minute. A specialist currency exchange broker can help when you know that you will need to useforeign exchange services and they can ensure you get the best exchange rates at that time • It... Continue reading
Posted May 31, 2010 at Exchange Rates
Forex trading is certainly a form of 'investment'. This is a business term and seen generally in a positive light inferring the growth of capital. Forex traders have that as their goal, however there are a number of factors involved in really achieving that growth. Because there are so many 'forex losers', forex trading often gets 'bad press'. It is derided by some as 'gambling' which has an inherently bad connotation and is even officially in some countries. However, just about all varieties of 'investment' involve risk and wager, whether or not or not it's trading stocks, futures and options... Continue reading
Posted May 25, 2010 at Exchange Rates
Do you have to travel abroad frequently for your work or for your personal reasons? Whatever may be the case, you really have to spend loads of cash as your local currency might not match up with the international currency. You might seek help from a travel expert who will guide you through various forms of currency such as cash, credit cards, debit cards and many more. All these forms are highly expensive because of high-cost fees. However, frequent travelers cannot spend so much money regularly during their trips. Hence, an effective alternative was launched in the market, called travel... Continue reading
Posted May 19, 2010 at Exchange Rates
When looking for tourist rates of exchange, you should really be willing to do your homework and take a little time to make absolutely certain that you're getting the very bestrates of exchange available. Look, you're going to be far away from home, and while that can be incredibly fun and rewarding, you don't want to run out of cash while you still have a few things you need to spend cash on. So just be sure to double check and do your home work to make sure that you have your financial matters in order well before you're ready... Continue reading
Posted May 14, 2010 at Exchange Rates
Many companies in the United Kingdom trade with overseas businesses and will need to organise large money transfers on a regular basis. By using a high street bank to deal with their money transfer, a company could be losing large amounts of money on a regular basis, which added up over a year can be a considerable amount. Many people in the UK have homes abroad, usually holiday homes and after the initial payment for the property will send regular money transfers overseas to pay bills and maintenance costs. Once again, if you are paying high foreign exchange rates as... Continue reading
Posted May 7, 2010 at Exchange Rates
You have heard about the vast sums of money that can be made with smart fore trades, but what is best and gives you the greatest advantage? If you have been searching for some fore for any amount of time, you probably already realize that there are many of them out there, and it seems like the claims of one are only superseded by the claims of the next one. To determine which one is best, you first need to get some understanding of what the is, since any software that devotes its time to teaching you what actually is... Continue reading
Posted Apr 24, 2010 at Exchange Rates
The global Forex market is the largest and most liquid market in the world. One of the primary reasons for the current economic crisis is due to the lack of liquidity in the world’s marketplace. Too much money was tied up in long term investments, and the economy could not handle shortage of liquid cash. In the Forex markets, you are simply trading liquid money, so you do not have worry about the contribution of Forex trading in relation to the economic meltdown. With world’s GDP breaking over $65 trillion dollars in the last year, the Forex market is the... Continue reading
Posted Apr 19, 2010 at Exchange Rates
Forex trading gives you an opportunity to earn much money but you should be aware that the risk of forex trading is also large. You can earn or lose hundreds, thousands, or even millions of dollars in minutes. Forex, which is the short form of Foreign Exchange, is a term used to portray the trading of various currencies of the world. Currency trading has boomed recently and is drawing more and more currency traders from all over the world. There are different types of trades worldwide but this particular form of trade has numerous advantages over the rest. One should... Continue reading
Posted Apr 9, 2010 at Exchange Rates
According to the 2007 Triennial Central Bank Survey of Foreign Exchange and Derivative Market Activity conducted by the Bank for International Settlements, the forex market generates $3.2 trillion dollars worth of transactions each day, the majority trading done by speculators. The appeal of the forex market for speculators comes from the high leverage, liquidity, long trading hours and volatility, which enables someone with very little initial capital to make money trading currency online. This article goes through what a professional trader could do to develop a successful strategy. Coming up with forex signals and forex signals ranking is not simple... Continue reading
Posted Apr 1, 2010 at Exchange Rates
The approximate Indicative exchange rates of world currencies based on the previous day's market weighted average rate for the US$ are as follows. Country Currency exchange rates(1 US$) Australian Australian Dollar(AUD) 1.104 $ Singapore Singapore Dollar(SGD) 1.4028 S$ Indian Indian Rupee(INR) 45.26 Rs. Korean Korean Won(KRW) 1138.7 ₩ Malaysian Malaysian Ringgit(MYR) 3.294 RM Swedish Swedish Krona(SEK) 7.2395 kr Danish Danish Krone(DKK) 5.5377 kr Hong Kong Hong Kong Dollar(HKD) 7.7622 HK$ Mexican Mexican Peso(MXN) 12.548 $ New Zealand New Zealand Dollar(NZD) 1.4196$ Norwegian Norwegian Krone(NOK) 6.0338 kr South African South African Rand(ZAR) 7.4105 R Sri Lanka Sri Lanka Rupee(LKR) 114.125 RP... Continue reading
Posted Mar 29, 2010 at Exchange Rates
The approximate Indicative exchange rates of world currencies based on the previous day's market weighted average rate for the US$ are as follows. Country Currency exchange rates(1 US$) Norwegian Norwegian Krone(NOK) 5.9223 kr South African South African Rand(ZAR) 7.3115 R Swedish Swedish Krona(SEK) 7.1862 kr Brazilian Brazilian Real(BRL) 1.7964 R$ British British Pound(GBP) 0.666 £ Japanese Japanese Yen(JPY) 90.485 ¥ Swiss Franc Swiss Franc(CHF) 1.0612 CHF Canadian Canadian Dollar(CAD) 1.0168 C$ Indian Indian Rupee(INR) 45.465 Rs. Korean Korean Won(KRW) 1134.5 ₩ Malaysian Malaysian Ringgit(MYR) 3.3135 RM Mexican Mexican Peso(MXN) 12.5911 $ Chinese Chinese Yuan(CNY) 6.8305 ¥ Danish Danish Krone(DKK) 5.5068... Continue reading
Posted Mar 21, 2010 at Exchange Rates