Foreign exchange, or Forex, is the conversion of one country's currency into that of another. In a free economy, a country's currency is valued according to factors of supply and demand. In other words, a currency's value can be pegged to another country's currency, such as the U.S. dollar, or even to a basket of currencies. A country's currency value also may be fixed by the country's government. However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
Related Journals of Foreign Exchange
Journal of International Business Studies , International Journal of Economics and Business Research, International Journal of Business and Economics Research , International Journal of Business and Social Science
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Jan 01, 1970
Accepted Date: Jan 01, 1970
Published Date: Jan 01, 1970