Foreign exchange trading:

Foreign Exchange Trading or FX Trading, clients are able to hedge against, or speculate upon,
changes in the exchange rate of two currencies. For example, a speculator can long EUR/USD in
foreign exchange market in order to profit from capturing the appreciation of Euro against the
U.S. Dollar. Foreign exchange services provide an opportunity for clients to trade FX. Foreign
Exchange Trading is done on the foreign exchange market.

Foreign exchange market:

The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-
the-counter financial market for the trading of currencies. Financial centers around the world
function as anchors of trading between a wide range of different types of buyers and sellers
around the clock, with the exception of weekends. The foreign exchange market determines the
relative values of different currencies.

The primary purpose of the foreign exchange is to assist international trade and investment, by
allowing businesses to convert one currency to another currency. For example, it permits a US
business to import British goods and pay Pound Sterling, even though the business's income is in
US dollars. It also supports speculation, and facilitates the carry trade, in which investors borrow
low-yielding currencies and lend (invest in) high-yielding currencies, and which (it has been
claimed) may lead to loss of competitiveness in some countries.

In a typical foreign exchange transaction, a party purchases a quantity of one currency by paying
a quantity of another currency. The modern foreign exchange market began forming during the
1970s when countries gradually switched to floating exchange rates from the previous exchange
rate regime, which remained fixed as per the Bretton Woods system.

The foreign exchange market is unique because of:

 its huge trading volume, leading to high liquidity
 its geographical dispersion
 its continuous operation: 24 hours a day except weekends
 the variety of factors that affect exchange rates
  the low margins of relative profit compared with other markets of fixed income
 The use of leverage to enhance profit margins with respect to account size.

As such, it has been referred to as the market closest to the ideal of perfect competition,
notwithstanding market manipulation by central banks. According to the Bank for International
Settlements, as of April 2010, average daily turnover in global foreign exchange markets is
estimated at $3.98 trillion, a growth of approximately 20% over the $3.21 trillion daily volume
as of April 2007.

The $3.98 trillion break-down is as follows:

 $1.490 trillion in spot transactions
 $475 billion in outright forwards
 $1.765 trillion in foreign exchange swaps
 $43 billion currency swaps
 $207 billion in options and other products

Foreign exchange may refer to:

 foreign exchange markets, where money in one currency is exchanged for another
 Exchange rate, the price for which one currency is exchanged for another
 foreign exchange reserves, holdings of other countries' currencies

Some about: www.Forex.com.pk

The site works in Pakistan for the foreign exchange rates and developed by the government of
Pakistan. Provides forex rates for public benefit. It is neither a foreign exchange company nor its
is affiliated with any currency dealer. Forex.com.pk doesn't buy, sell or transfer currency.
Forex.com.pk tries its level best to provide accurate forex rates from various authentic sources.
However forex.com.pk is not responsible with respect to any transaction made on the basis of
these forex rates.
This site is designed to provide upto date forex rates in open market, inter bank & internatioal
forex market. Where anyone can find historical forex rates, forex charts & graphs, forex articles
& much more.