Currency Market

The currency market, also known as the foreign exchange (forex) market, is where global currencies are bought and sold. It enables international trade and investment by allowing businesses and individuals to exchange one currency for another at agreed-upon rates. These rates fluctuate based on factors like economic indicators, political stability, and market speculation. The market operates 24/7 across financial centers worldwide, making it the largest and most liquid financial market. Participants include banks, governments, corporations, and traders, all aiming to profit from or hedge against currency value changes.