Posted by R. MAK. on August 16, 2009 ·
In finance, a non-deliverable forward (NDF) is a name given to an outright forward or futures contract in which the differences between the contracted NDF price or rate and the prevailing spot price or rate on an agreed notional amount are…
Posted by R. MAK. on August 1, 2009 ·
In foreign exchange markets, the first currency in a currency pair is the base currency. Whereas the second currency is referred to as the quote currency which is also called as counter currency, terms currency. Exchange rates are quoted in per unit of the base currency. The thing that should be noted is that FX [...]
Posted by R. MAK. on July 31, 2009 ·
For the majority of FX trades there is no unified or centrally cleared market , and there is very little cross-border regulation. As the currency market is having the over-the-counter (OTC) nature, there are rather a number of interconnected marketplaces, where the trading of different currencies instruments take place. This shows that rather than having…
Posted by R. MAK. on July 31, 2009 ·
Trade of currencies is done by the foreign exchange market, which is also known as currency, forex, or FX. It provides an ease to banks and other institutions for buying and selling currencies.The basic purpose of the foreign exchange market is to…
