There are 195 separate countries spanning the globe, and almost as many currencies are traded today. However, trading on forex markets is dominated by a handful of pairs, which – along with the EUR/USD – include:USD/JPY –the US dollar and Japanese yen GBP/USD –the British pound and ...
With a multi-currency account, you can pay your suppliers in Chinese yuan and receive payments in US dollars, Australian dollars, and euros without the need for currency conversion. This setup simplifies international transactions by eliminating the complexity of maintaining separate accounts for each ...
By doing so, you have sold euros with the expectation that it will fall versus the US dollar. USD/JPY In this example, the U.S. dollar is the base currency and thus the “basis” for the buy/sell. If you think that the Japanese government is going to weaken the yen in order to ...
Bitcoin can be traded 24 h per day, and seven days per week for US dollars, the Euro, Japanese Yen, as well as numerous other fiat and (crypto)currencies. Monthly dollar trading volume on the New York Stock Exchange was of similar magnitude to global bitcoin trading, with $1.03 trillion...
How does the lower demand for U.S. dollars affect the value of the U.S. dollar, and consequently, is this good or bad for U.S. businesses looking to sell abroad? What are the effects of a strong dollar on: a) US imports...
Online shopping is popular in Thailand. Over the past year, I’ve lost count of how many times I’ve shopped online using my Thai credit card to pay for everything, from gadgets togroceries. It’s better than using my international credit card because there are no usage fees. Plus, you...
The Japanese yen has also been a popular carry trade in the past, due to the low interest rates that made it cheap to borrow. Although the currency lost some of this clout in 2015 and 2016, it still plays a vital role for many international investors, as traders use the currency for ...
A couple days ago Kevin wrote a great article aboutgold’s recent rise and potentialalong with including my chart to which Timothy@The Wealth Artisanresponded in the comments, “Hands down, this is one of your finest articles. This is extremely thorough in many regards. The Great Credit Contr...
The official exchange rate of a currency on theforeign exchangemarket (forex) is also known as the market price (the current price at which a currency can be bought or sold). That exchange rate or price (e.g., for how many U.S. dollars it takes to buy a Canadian dollar) is differe...
The U.S. Dollar Index (USDX) is a relative measure of the U.S. dollar's strength against a basket of six influential currencies, including the euro, the British pound, the Japanese yen, the Canadian dollar, the Swedish krona, and the Swiss franc. The index was created in 1973 and rem...