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Two major segments of the foreign exchange market

What are the two major segments of the foreign exchange market, and what types of foreign exchange instruments are traded within these markets?

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Major Segments of Foreign Exchange Market:

Foreign exchange is the exchange or a process of converting one country's currency into that of another country. This is done in a foreign exchange market where the rate at which a currency is traded or exchanged for another is called an exchange rate. The foreign exchange market has two segments namely spot market and forward market. The spot market is a form of exchange market that is used in developing and emerging market ...

Solution Summary

The two major segments of the foreign exchange markets are determined.