Hedging strategy

Exchange rates
Currency band Exchange rate Exchange-rate regime Exchange-rate flexibility Dollarization Fixed exchange rate Floating exchange rate Linked exchange rate Managed float regime
Markets

. For the forex scandal and manipulation, see Forex scandal. For the football club, see FC Forex Braşov. For the U.S. FBI sting operation, see Dominic Brooklier#Bompensiero section guidelines. (January 2014)
Foreign exchange

Foreign-exchange option
Historical agreements
Bretton Woods Conference Smithsonian Agreement Plaza Accord Louvre Accord
See also
Bureau de change Hard currency

^ Jump up to: a b http://www.geo.tv/11-9-2008/28465.htm
^ Jump up to: a b "Hawala case: Khanani and Kalia acquitted". The Express Tribune. March 5, 2011.
Jump up ^ http://www.thenews.com.pk/updates.asp?id=59605

http://www.thenews.com.pk/daily_detail.asp?id=145962
Jump up ^ http://geo.tv/12-6-2008/30215.htm Jang Group of News
Jump up ^ "Man accused of illegal Rs67b transfer freed". The Express Tribune. February 8, 2011.
Jump up ^ "Khanani and Kalia: Acquittal

Hundi' system may foil investigators". USA Today. September 30, 2001.values of different currencies.[1]

The foreign exchange market works through financial institutions, and it operates on several levels. Behind the scenes

Jump up ^ http://www.nation.com.pk/pakistan-ne...smashed-Rehman
Jump up ^ "'banks turn to a smaller number of financial firms known as “dealers,” who are actively involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the

References[edit]
Jump up ^ being investigated by SHC". khabrain. March 14, 2011.
Jump up ^ "FIA

depreciated by 30 percent against the dollar since the beginning of 2008.
set to lose another Khanani & Kalia case". Dawn.com from the newspaper. April 17, 2011.-scenes market is sometimes called the “interbank market”, although a few insurance companies and

In a typical foreign exchange transaction, a party purchases some quantity of one currency by paying for some quantity of another currency. The modern foreign exchange market began forming during the 1970s

three decades of government restrictions on foreign exchange transactions (the Bretton Woods system of monetary management established the rules for commercial and financial relations

between two currencies.[2]
after among the world's major industrial states after World War II), when countries gradually switched to floating exchange rates from the previous exchange rate regime, which remained fixed

foreign exchange market is unique because of the following characteristics:

its huge trading volume representing the largest asset class in the world leading to high liquidity;
its geographical dispersion

its continuous operation: 24 hours a day except weekends, i.e., trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York);
the variety of factors that affect exchange rates;
the low margins of relative

involving two currencies, Forex has little (if any) supervisory entity regulating its actions.
Union member states, especially Eurozone members, and pay euros, even though its income is in United States dollars. It also supports