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Selling rate: Also known as the foreign exchange selling price, it refers to the exchange rate used by the bank to sell foreign exchange to customers. It indicates how much the country's currency needs to be recovered if the bank sells a certain amount of foreign exchange. Middle rate: The average of the bid price and the ask price.
Foreign exchange; Exchange rates; Currency band; Exchange rate; ... De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, ...
It was founded on 15 May 1959 by Aridi Penjamin and Jap Ing Hoat. [2] Later, a key figure and owner was Iskandar Widyadi . [3] The bank obtained its license as a foreign exchange bank in 1988.
This is a list of banks in Cambodia.. As of July 31, 2020, there were 51 commercial banks, [1] 14 specialized banks, [2] 75 microfinance institutions, [3] 7 microfinance deposit-taking institutions, [4] 6 representative offices, [5] and 15 leasing companies [6] in Cambodia.
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
The exchange rate at which the transaction is done is called the spot exchange rate. As of 2010, the average daily turnover of global FX spot transactions reached nearly US$1.5 trillion, counting 37.4% of all foreign exchange transactions. [ 1 ]
The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
Foreign-exchange reserves is generally used to intervene in the foreign exchange market to stabilize or influence the value of a country's currency. Central banks can buy or sell foreign currency to influence exchange rates directly. For example, if a currency is depreciating, a central bank can sell its reserves in foreign currency to buy its ...