Currencies U.S. Dollar
The advent of internet trading software has propelled the industry to allow instantly tradeable currency which has caused the number of daily transaction volumes to increase dramatically. This has led the Forex market to be extremely liquid and more stable.
As the largest trade market in the world, trading on the foreign exchange market occurs the European, Asian and United States trading sessions. While overlap does occur between the three sessions, the majority of each currency that is traded occurs during their session.
An exchange rate is based on the value of a country’s currency in relation to another country’s currency. With currency rates determined by how much demand there is against the supply of a currency, the increase or decrease of a country’s currency can fluctuate based on interest rates, unemployment numbers, inflation, gross domestic product output, manufacturing date, and commodities.
Start Investing Today
Opening an account takes less than 5 minutes.
We’re always here to help!
Have any questions?
Ask Grand Cayman Capital!