Template-Type: ReDIF-Article 1.0
Author-Name: Péter Kálmán
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: kalmanp@mnb.hu

Author-Name: Eszter Makay
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: makaye@mnb.hu

Author-Name: Daniella Tóth
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Email: tothd@mnb.hu

Title: Foreign Exchange Market

Abstract: Foreign currency is a receivable pertaining to a specific foreign legal tender,
and the exchange of foreign currencies represents the world’s largest
financial market (with daily turnover of USD 5.1 trillion according to the
latest BIS survey1). Foreign currency can be traded on the spot market or on
the derivatives market for the specific currency (such as the forward market,
options etc.). There is continuous trading on both the spot and derivatives
markets at global financial centres 24 hours a day, five days a week.

Keywords: exchange market

Journal: MNB Handbooks
Pages: 56
Volume: 1
Issue: 7
Year: 2016
File-URL: https://www.mnb.hu/letoltes/mnb-oktatasi-fuzetek-7-devizapiac-eng-0309.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:handbk:v:1:y:2016:i:7:p:56