Foreign Exchange
- International Business
The Salient Features of Export Earners Foreign Currency Account
The exporter/beneficiary of a foreign exchange remittance has the choice that he may retain up to 25% of the value…
Read More » - International Business
Different Types of Selling Rates in Foreign Exchange
Types of Selling Rates Similar to buying rates. There are two types of selling rates. 1. TT Selling Rate. This…
Read More » - International Business
Different Types of Buying Rates in Foreign Exchange
When the bank buys foreign exchange from the customer, it sells the same in the inter-bank market at a better…
Read More » - International Business
Difference Between Spot and Forward Rates
Spot Rate. If the contract with the customer to buy or sell foreign currency is agreed upon and executed immediately…
Read More » - International Business
Difference Between Direct and Indirect Quotations
(a) Explain the purchase and sate of foreign exchange. (b) Define and distinguish between direct and indirect quotation. (c) Explain…
Read More » - Banking
The Banking Services Under International Correspondent Banking Relationship
International trade involves places in different countries. It is not possible for a bank to have branches in all centers…
Read More » - Banking
The Functions of Foreign Exchange Department in a Bank
The foreign exchange department is a highly specialized department in a bank. A wide variety of services are rendered by…
Read More » - Finance
Importance Of Foreign Exchange In International Trade
Foreign exchange represents a system with the help of which trading countries settle their international indebtedness and includes all institutions,…
Read More » - Finance
What Does Foreign Exchange Mean | Foreign Exchange Definition
In international trade foreign exchange occupies an indispensable role to play. The national currency is not acceptable in making the…
Read More » - Finance
Forex Trading Problems: Maintain Credit Balance In Nostro Account
FXCM Inc. of Australia is a leading Forex (Foreign Exchange) trading Company based in Sydney. It has many Forex experts…
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