FX

FX, or foreign exchange, refers to the global marketplace where currencies are bought and sold. It helps facilitate international trade, investment, and travel by allowing companies and individuals to convert one currency into another. The value of currencies fluctuates based on economic factors, interest rates, political stability, and market sentiment. FX trading happens 24 hours a day through a network of banks, financial institutions, and traders worldwide. Essentially, FX is the world's largest financial market, enabling the exchange of currencies to support global economic activities.