Forex

Foreign exchange market

Foreign Exchange

Exchange RatesCurrency bandExchange rateExchange rate regimeFixed exchange rateFloating exchange rateLinked exchange rate
MarketsForeign exchange marketFutures exchange
ProductsCurrencyCurrency futureNon-deliverable forwardForex swapCurrency swapForeign exchange option
See alsoBureau de change
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest financial market in the world, and includes trading between large banks, central banks, currency speculators, multinational corporations, governments, and other financial markets and institutions. The average daily trade in the global forex and related markets currently is over US$ 3 trillion.