What are the conditions in which foreign exchange market exists-00687
This subjective question is related to the book/course
vu cs408 Human Computer Interaction.
It can also be found in
vu cs408 Mid Term Solved Past Paper No. 2.
In a market there are buyers and sellers who negotiate and agree on the price for the or price for the commodity being exchanged. The foreign exchange market is no different.
Whatever, here the commodity being traded is foreign exchange and the price is the foreign exchange rate. Specifically, a foreign currency is being traded for the Pakistani Ruppee at a particular rate of exchange.
The sellers and buyers of foreign exchange are not mutually exclusive. The sellers of today, may be the buyers of tomorrow, or even of today.
Foreign exchange market exists when buyers and sellers exit and ready to sell and buy.
The main driving force for foreign exchange market is the law of supply and demand.
Examples are US $-PAK RS Foregin exchange market US $ - UK POUND Foregin exchange market.
