Hi guys,
Foreign Exchange Fixing is a daily monetary exchange rate fixed by the national bank of each country. The idea is that the central banks use the fixing time and exchange rate to evaluate behavior of their currency. Fixing exchange rates reflects the real value of equilibrium in the market. Banks, dealers and traders use fixing rates as a trend indicator.
Foreign Exchange Fixing is a daily monetary exchange rate fixed by the national bank of each country. The idea is that the central banks use the fixing time and exchange rate to evaluate behavior of their currency. Fixing exchange rates reflects the real value of equilibrium in the market. Banks, dealers and traders use fixing rates as a trend indicator.
No comments:
Post a Comment