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Foreign Exchange - an overview (MBA Banking / Finance)
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MBA Project ID: |
553 |
MBA Project Name: |
Foreign Exchange - an overview (MBA Banking / Finance) |
MBA Category: |
MBA Banking / Finance |
Project Abstract: |
The foreign exchange market is the generic term for the worldwide institutions that exist to exchange or trade currencies. Foreign exchange is often referred to as “forex” or “FX.” The foreign exchange market is an over-the-counter (OTC) market, which means that there is no central exchange and clearinghouse where orders are matched. FX dealers and market makers around the world are linked to each other around the clock via telephone, internet links, and fax, creating one cohesive market. There are mainly three factors which impact the foreign exchange trading are economic, political and market physiology. Foreign exchange reserves in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities. These are assets of the central bank held in different reserve currencies, mostly the US dollar, and to a lesser extent the euro, the UK pound, and the Japanese yen, and used to back its liabilities, the impact on any economy can be measured by analyzing the GDP, GNP, Import and export growth of the country and additionally the foreign reserve of the country. Objective of this study is to know the functioning and structure of foreign exchange market, foreign exchange reserve, exchange rate determination. |
Project Report: |
65 Pages |
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