Tag: Foreign currency

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25 Apr 2020

The Foreign Exchange Market and Inflation

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Income and the price of products are vastly different to what they are today. Mars Bars in the UK cost 29p in 2000, though cost 60p today. The median annual earnings for full-time employees in the UK was approximately £30,000 in 2019, while in 2000 employees took around £19,000[1]. This is largely due to inflation. … Continue reading The Foreign Exchange Market and Inflation

02 Apr 2019

The Most Traded Currencies in Foreign Exchange

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According to the Bank for International Settlement Triennial Central Bank Survey (BIS), the Foreign Exchange market (or FX or forex market) is the largest and most liquid in the world with a global turnover measuring $5.1 trillion per day in 2016. As disclosed in the table below (courtesy of BIS), foreign exchange swap transactions cleared … Continue reading The Most Traded Currencies in Foreign Exchange