The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks. Financial centres around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
Foreign Exchange: A Banking perspective
Net Open Positions
Customer Creditworthiness and Delivery Capabilities
Economic and Political Considerations
Revaluation and Accounting Systems
Departmental Organization and Control
Supervision of Branches and Subsidiaries