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What are the primary functions of the foreign-exchange market? Who are the participants in the market? How do global companies use the foreign-exchange market to hedge against foreign-exchange risks?

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The response address the queries posted in 537 words with references.

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The response address the queries posted in 537 words with references.

//Before writing about the participants of the foreign exchange market, it is essential to know about the 'Primary Functions of the Foreign Exchange Market'. One should know about the main aspects of the foreign exchange market, which further will aid in analyzing the participants in an effective manner.//

Primary functions of foreign exchange market

A foreign exchange market is a place, where foreign transactions occur. Foreign exchange market is a part of the money market. Primary function of foreign exchange market is to encourage the buying and selling of currency among different nations. The second primary function of foreign exchange market is to transfer purchasing power among the nations, which is performed by letters of credit, bill of exchange, draft, out of ...

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  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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