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Forex
Forex is short for foreign exchange. When one speaks of a forex profit or loss, he is talking about the increased or decreased value of an investment caused solely by currency movements.
Forex Spread or Forex Cost. The difference between the buy price and sell price of exchanging one currency into another is the forex price or forex spread.
Determinants of FX Rates
1. Balance of payments level
2. Government budget deficits or surpluses
3. Balance of trade level
4. Inflation level
5. Economic growth and Productivity
See the video about what is forex
Forex is short for foreign exchange. When one speaks of a forex profit or loss, he is talking about the increased or decreased value of an investment caused solely by currency movements.
Forex Spread or Forex Cost. The difference between the buy price and sell price of exchanging one currency into another is the forex price or forex spread.
Determinants of FX Rates
1. Balance of payments level
2. Government budget deficits or surpluses
3. Balance of trade level
4. Inflation level
5. Economic growth and Productivity
See the video about what is forex
